Here's the latest transcript of D. Wolanchuk's latest broadcast.
ragingbull.altavista.com
By: MazChgo $$$$
Reply To: None Friday, 8 Sep 2000 at 7:05 PM EDT
Post # of 55072
** Don Wolanchuk Interview 9/08/00 **
Don Wolanchuk (Timer Digest's 1999 Market Timer, Gold Timer & Long-term Timer of the Year) interview on today's The Stock Market Observer, a local television stock show in Chicago that he speaks on every Friday at 2:15pm CDT. ( DW= Don Wolanchuk and GS= host Gary Salem)
GS: Well he's been a Bull for so long with just brief resbits, not long lasting at all. Hot Market-Timer Don Wolanchuk of The Wolanchuk Report in Roseville, Michigan. He's the #1 Timer on the list of Timer Digest, he has been for a long time. And last time I looked Don, you were still a Bull. I assume nothing has changed as of this moment?
DW: Nothing has changed as of this moment. But with the market doing absolutely nothing here for the past number of days and weeks, it's been kind of difficult to stay the course. But as long as there's an army of other people doing it for us, then we're content. But the DOW is in an uptrend, a very irregular uptrend if you look at the short-term chart.
And we're at the bottom of the trading channel as we speak. So another rally into options expiration is expected. So between now and that happy event we have to suffer in silence.
GS: Any rallies is going to be led by the techs or is it going to be kind of mixed?
DW: Well, the technology sector is quite volatile. Like yesterday, Fidelity Select Technology ( Fund) was up about $4, it's down the same amount today. They really can't make up their minds, I don't know what their problem is. That's what happens when you come into Triple Witching Expiration. You get all this volatility and shucking and jiving and jockeying for position. It's just a game. But of course, people tend to forget that we go through this a week before expirations every month. It's the same old game over and over again. But the result has always been the same, much higher prices.
GS: Are you sticking with your stock picks, have you added anything new since our last conversation?
DW: We're focusing a lot on MicroVision (MVIS) which appears ready for a big push through the recent high of around $54-$55 area. And ImageWare (IW) that we talked about in the past around $6 or $7 is now $16. Stocks like Valence (VLNC) has been basing for many months seems to be low risk in here. VoiceMobility (VMII) at around $5 seems to be a great .... It's been under pretty decent accumulation and it should be bought under $10 'cause once it takes out $10 it should really begin to move fast.
So there is a lot of opportunities, still residue from the NASDAQ hit of the Spring. And the opportunities out there, they're all over the place.
GS: Ok Don, thanks. We'll talk to you soon. Keep up the good work.
DW: Thanks. Have a good weekend.
GS: Thanks, you too. Don Wolanchuk of The Wolanchuk Report in Roseville Michigan. |
