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rr5..we are bulls, Although we think the Houses have lost control, we have concluded this afternoon THAT is a good thing..in looking at the transactions in the larger cap 4 letter stocks yesterday and today, we have concluded that even the Houses have dumped some inventory and THAT = the ultimate capitulation...we are just slowly scaling into things, if we buy a quarter position and it goes down, so what?, we buy another quarter cheaper...if it goes up..we are adding to a winner..its hard to time these things, but we see a huge rally within the next week...it is hard to find any more bulls. We think in a month our new positions will be hugely profitable...we are emphasizing QCOM, SSTI, SNDK, ATML, AMD, NTAP, and XLA. If anything, the market will resolve into a market of stocks instead of a "stock market" and begin to reward the companies with good earnings and key pieces of the internet/communications infrastructure once the indiscriminate selling is done. Also hearing that margin selling was large today, with Houses liquidating customers that had not ponied up in the last hour today. |
