looks to me like this is a much needed dip, that will probably not last as long as some people would like, in a perfect world, id like to see a pullback to 10600 on dow and 2000 on naz, but wont happen this week, i think there are some people wathing and cant wait to get in, jnic is showing impressive strength this morning, and for an internet that hasnt moved with the rest of the sector, how about trly? the old terra networks/lycos entity? looks like a pretty good risk/reward play here, brought to my attention from another source this morning, rmbs may also be a good speculative play at these levels, and dip on brokers like mer and mwd can be bought also imo
volatility will increase this afternoon as positions are taken ahead of employment report tomorrow, but if employment is good, economy is recovering, if employment is weak, more room for fed to lower rates, could be a win/win in this market |
