<<Come on November and December>>
I hear ya Dealie, but must admitt everyday I begin to wonder more and more just how good this end of year rally will be. It wont surprise me one bit to see us at 3600 - 4200 by year end. The big fella's are falling apart all around us....this is a very nervous and scared market.
I've got alot banking on rmbs, qcom, ssti, jdsu and etc, etc.....I would love nothing more to see some of the price targets I have seen for these stocks at year end....hell, I would be happy to see prices at half the targets.
RMBS looks very stuck in the mud. Dont know what it will take, or when, to get this moving...and then when it does move, I'll bet my left...well, I wont bet that, but I'll bet that it meets serious resistance trying to get above $90, let alone $100. And Tom see's 200 by year end. I dont see how, but will gladlt take it...I see $100 maybe, and thats if we're lucky.
QCOM - Again, cant break $80 and when, or I should say if it does, it will meet all kinds of resistance. I hope to see 100 by year end, but in this market, I just dont know.
JDSU - Man, I have no clue with this. Such a powerhouse. Hopefully when this sdli stuff is done, it moves, but how many powerhouses of late have we seen pull a reverse and go flat or down for an extended period ??
INTC - This is being beaten and dragged thru the mud. I have a hard time seeing INTC climb back to $65 by year end.
I could go on and on....but I see a real sick market with an awful lot of people ready to take their small profits and run, if this market starts to move. Alot of confidence has been lost....alot of wealth has been wiped out. Until this market stabilizes in a big way, I just dont see any long sustained, high % rallying happening.
I hate it that I think this way and hope I am wrong, as I have alot counting on the above mentioned stocks coming back in a big way by year end, but things just dont look good to me. I'd love to here other opinions......Jim, Tom Rick, Tim, Catech.....any of yall listening?
keith@thismarketsucks.com |
