Set stop loss in CGO @ 8.60/share; KEM @ 15.25/share. Sell all if those prices are reached.
The markets are behaving weird once again. In other words, they're going down. In a straight, and very trendable line. Presumably because they want to flush out the people. Volatility isn't high enough to indicate a bottom quite yet. That'll most likely be Nasdaq 1200? Hard to see, but that's the low side.
Half of the Nasdaq 100's capitalization is contained within five companies, and that is AMGN, DELL, INTC, ORCL and MSFT. They are what keep the tech sector alive.
AMGN has two blockbuster pharmaceuticals, Epogen, and Neupogen. Both of these drugs bring in huge amounts of money. Merging with Immunex will help the company maintain its growth.
DELL is a winner. They are the low cost commodity assemblers of PCs. They will beat IBM, HWP, CPQ, GTW, and anybody else that tries to compete against them in the mass market.
INTC is a winner. Anything that DELL sells will have INTC chips in them. That will be the case for the next five years, at least.
ORCL has the database market, despite what MSFT claims. They will continue to sell their software, since it's better than what MSFT can offer. Larry Ellison might be a power freak, but he knows what the heck he's doing.
MSFT - need I say anything more?
These five companies control the Nasdaq. |
