Tommasso, you post:
Well, I sure don't know what is holding the dollar up. Maybe just the somewhat theroretical US military pre-eminence
Further to Big Dog's Texas culture post of a few days ago: GWBush is from Texas, so watch what you say about his big stick or he'll kick your @ss.
On topic: I note the 61% bullish report with great disbelief. Complacent, yes, bullish, I think not. I place more weight on the tape than newsletter surveys. I see a ST tradeable rally in the making here that bad news from a partly legacy voice carrier won't stop. NT is doing quite well in the OC-192/cutting edge parts of its business. Since I buy stocks, not just sectors, I even added a bit to my AVNX Friday at the close, and will leg into more NTAP, PMCS, etc. as the market seems to hold above technical resistance points. Not as happy with JDSU now that it had to divest a great Swiss facility and got NT stock in exchange!
I expect to be cashing in my remaining E&Ps (largely East Lost Hills JV partners) once BKP#2 and BKP#3 have shown us what they've got, and before we see Slider's scenario of sub-2000 Naz, which I agree will likely come to pass, but later than this ratchet down in a grinding bear. |
