Hi David, RAD? Oh yes RAD, have not noticed it's recent drop, because each little wiggle of Euro, CHF, and AUD upward against the USD overpowers the entire position of RAD, never mind the drop in the share from USD 3 something to 2 something else. I must keep an eye on the now much smaller company, to add at prices where the insiders bought (USD 1 something to 2 something), assuming GE does not drop to 20, and QCOM to 12 in the mean time.
<<have this theory that today is ... the bottom of the NAS bear market. Probably wrong. Again :)>>
... I am afraid so. The Nasdag has only closed in on my target guessed at back in November 2000 ...
Message 14861804
"Just for example, if we were to use NASDAQ index in 1989 at 500 (plus or minus a few points) as starting point, and apply a long term rate of return of say, 15%, then a nasty correction can take the NASDAQ to 2300. If we use 10% as the long term return rate, then the correction of NASDAQ can take us to 1400. We know by experience of others that the markets always reach for extremes, in due time. Should any of the above two cases materialize, all financial institutions the world over will suffer, the faith in all currencies will drop, regardless of national pedigree, more so for previously highly valued ones."
... which I had revised in November 2001:
Message 16640110
"… except I will change 1400 to 1000, 1% to 2%, 2001 to 2002, partly because of the still pervasive and all corrupting commercial cronyism, certain and expected state intervention in markets, zero sum productivity effects, questionable corporate accounting, emptied national treasuries, raided personal nests, voided economic statistics, famine, war, pestilence, and the still absence of a glimmering but doubtful abracadabra worthy of human imagination and hope, but more because of the strong state of denial of what had taken place, its causes, and the absolute absence of calling to accounts of those responsible.
The script and underlying premise, playing on Abby Jo’s words, remain intact …"
The good news, of course, is that there is a bottom, and we are closer to it than ever before, than last week, for example. The bad news, naturally, is what will happen after we hit bottom of the market indices.
Chugs, Jay |
