ggg, Chris, that's a nice observation... this world is small, and the newsletter let their "picks" out again in Jan, but failed to find that the market has turned around once again in February. What a bunch of lousy newsletters.
MSFT can't hold the 50dMA... because the economy won't come back for at least 6 months. all the companies need time to fix their businesses.... that's a simple and powerful enough reason for me. Stock price only reflects the latest quarter, I don't give hope on them, CSCO is going to $15! shorting CIEN, BRCM, RIMM, ZIXI, JNPR, SUNW, EMC, ORCL, INTL, SEBL, etc you name it, I will short them all... all daytraders' delight are overvalued, when bubble burst, they have to follow the market rule.
Remember my old call on shorting all PC makers? It works like magic for me because people refuse to read and believe the news when they comes out. The companies comes out to warn, and people ignore them, just like DELL, INTL... people simply don't want to listen... I don't understand why... trying to pick a bottom, or trying to tell lies that they pick the bottom?
Shorting Abby Cohen's list works like magic, 100% right all the time, she won't give out sell sell sell comment, else I bet that we will find a real bottom when she makes the call... ggg
Bernard |
