Amen, db. I got rid of GMST and VTSS 2 days ago when they didn't follow through on their pops. Nothing like the gains you all make on NXTL, PCS and WCOM, but, after my allowing a nice gain in SMTF turn into a loss (BAD, BAD), I'm back to punching out singles.
MSFT's lousy earning's report is doing a big drag on market AH, because people are waking up to the fact that just because the worst seems to be over (and, maybe it isn't), it doesn't necessarily trigger an immediate return to growth.
The jury is still out on that plane crash (at least my vote is still up for grabs.). I'm not into conspiracy theories, but I'm not buying into the official "story" just yet, and there is great motivation on the part of authorities to try to keep the public calm. I think the markets are still very sensitive to renewed terrorist attacks (although they seem to have become numbed to the goings on in Israel and Palestine), and I can't believe that the nuts that are responsible for Sept. 11 are done. If anything, the events in Palestine have given them more "fodder" in their perverted minds.
Anyway, it's hard to believe that under the circumstances the markets can mount a sustained rally, and I'm keeping my powder dry except for occasional ST forays.
VRTS looks like it might be worth one of those nibbles soon for a quickie. However, I'm not that crazy about it LT. KRON would have been a good one. I watched it but didn't bite as it bounced nicely off its low. It really didn't predict that bad of a miss, but got punished anyway. Not chasing now though (which means that kb might make some $$$$ off it--gg).
Jim |
