Chinton and MGV, Nasdaq has corrected almost 38%,many high flyers and small caps corrected 70% or more,
WCOM is at 41 7/16.....almost the same as when I was buying at 41 1/4.
Let's take a look on some "broken record".....
Post # 6030 to MGV,Mar 23
Possible bottom here,if no we can see 38-39 area.
Still long, will buy more around 39 adding area. Should go up soon.
I think that market is topping here.
Post # 6034 to Chinton,Mar 24
I think that short term top was around 11 am and I expect some pull back soon,how much,
difficult to predict yet.If you are interested,I can post
my prediction.As concern WCOM still in a downtrend now,but
long term should do fine.
Post # 6068 to P.M.Freedman,Mar 29
In short term, WCOM may drop to below $40. $40 is the psycho-mark of this stock.
Post # 6087 to VFD,Mar 29
I would reduce position in CSCO on any rally to 80.If CSCO will brake 75, next stop is 70.
Note,for some experienced investors,this is obvious that if CSCO is crashing,so does the Nasdaq.
Post # 6109 to Chinton,Mar 31
According to my calculation this is short and long term bottom.On a speculative side,the lowest I can see is 38,if market will crash. But even if 38, it will be for
1-2 days and should rebound to at least 43.
Post # 6132 to All,Apr 01
To All,CSCO can be in trouble,another player in the game.
Post #6236 to All,Apr 04
TO ALL READ THIS MESSAGE! If you are in money with WCOM,when
you bought with me in 41 1/4- 42 area,I recommend to sell it
tomorrow on any upside.
The risk to reward is getting higher and I think,it would be safer to watch that market than to be in.
We will be having another opportunity to enter it in the safer conditions.
What can happen tomorrow is that, any bounce up will create sell opportunity for the others.Another words WCOM and NAZ
can go up and after slide again.
Post # 6364 to All,Apr 06
TO ALL,I've just went through the most important issues which counts in that market and I see that it is not only WCOM siting tightly on his support line.TOMORROW MUST BE AN UPSIDE,if not NAZ will face so called "BIG KAHUNA ".
Tomorrow is not only an important day for WCOM but for NAZ as well.I am not trying to put you in a panic mode,but frankly face the truth so in the case of meltdown you will know it,before it will start.If something wrong is going on make sure,You will be first to escape(BTW,It was correctly stated by Chinton).
In my believe,tomorrow NAZ will take the decision:
BULL or BEAR.
I still think that,tomorrow NAZ will go up and will decide to stay above my very important border line.
If NAZ will slide down tomorrow,my prediction is that it will go down in Zig-Zag pattern.
Today closing on NAZ was neutral with positive bias,hopefully it will continue by tomorrow.
Be careful with small caps and high flyers.
WCOM itself is neutral and fast upside to at least 43 would be very important.
Note, On Apr 10,The high on Nasdaq was 4470..the last chance.
Also note: "IT WAS CORRECTLY STATED BY CHINTON"
I think,no further explanation is needed.
BTW,...I agree with many,like I did agree with you that market is in danger.
If you want my present opinion,I am bullish short time,
but for a long term I am bearish.
Good luck to both of you,
el |
