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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Bernard Ng who wrote (92753)9/29/2001 4:50:30 AM
From: ChrisJP  Read Replies (1) of 150070
 
the market looks very bullish to me ...

Bernard ? Are you feeling ok ? lolol

October's earnings and forward guidance should be as negative as imaginable for now. If we didn't bottom last Friday, the short term bottom will occur next month.

siliconinvestor.com

Nothing's going anywhere in a hurry ... no "V". But something could always spark the markets back to their 50 dEMA (NASDAQ 1900).

Unlike previous Octobers, mutual fund managers won't be selling to "book profits" lol. Seriously doubt there will be tax selling in December cuz there were too few gain for them to offset.

And short interest will not be able to resist the early January covering opportunity.

I took a small equity position last week. Will probably wait until MSFT & IBM warn or give the "all clear" signal before positioning for January.

Chris
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