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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (28729)2/13/2003 5:42:51 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Jay, I spied some hairy ankles again today. siliconinvestor.com It was an intra-day multi-year low at $21.30. We need to go back to 1997 to find that price.

If we look back along the beautiful Mt Fuji shape [actually, more like Mt Taranaki, nee Mt Egmont - where Tom Cruise is filming Last Samurai, which is an appropriate name for what's going on in the world], we see that a mirror image would give $14 a share later in the year. Then, as debt unwinds further, we might see even lower figures, such as $10 a year or so after that.

But Uncle Al is shrinking the measuring stick very quickly, so the battle between deflation and Uncle Al's magic measuring stick shrinkage might mean it doesn't actually carry on down.

But I do want to see if there really are hairy legs on GE.

Mqurice

PS: You have been most courageous to carry the QUALCOMM risk over the Iraqi and Armageddon chasms. $33 today. Ouch! I wonder if you bailed out with stop loss orders and other trading ideas. I suppose your double-backed derivatives straddle means that you are even better off. Yes? Meanwhile, Gold did indeed hit a peak at $380.

Now, Uncle Al KBE is showing who's who around the joint.

A similar beautiful shape to the Mt Taranaki/Fuji form: siliconinvestor.com but with a crater on top.
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