Kymar, don't be too negative, the charts do not look as bad as they did on January 2nd and third, by noon on the third I was down to only 7% cash (having been busy on the 2nd and early on the third redeploying), those maligned stocks like BRCM (at the $75) and BRCD then at around $66) did not just a two bucks dance, the former went to $142 the latter to $112, all in not even three weeks...Unfortunately, I missed both tops (I think these were also "after hours tops), but the ride was quite a good one nevertheless. Unfortunately, I do not expect that kind of a ride from around here, still, for just $2 it might not even be worth considering the possibility of seeing on both the $50' if that "rally" everyone is now talking about comes to be.
George, your QQQ buy Friday is turning everyone here now to expect a rally, I don't like being in such a commonality of opinion state. I much preferred being in the "minority" when Kevin was saying 100% margin long and I was saying, oh no, down we go..., similarly, Hays and Crawford, on the eve of the last Fed reduction turned quite bullish (at least short term), while I was talking about the "February massacre", now everyone is talking about a short rally here (including you and I), and that makes me feel uncomfortable. (VBG).
Zeev |
