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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (15538)11/17/2003 11:59:05 AM
From: tsigprofit  Read Replies (1) of 48461
 
William, I took a little break for 10 days or so.
Do you think this may be the correction we've been
talking about for months now? I'm still hedged, and sold
most (not all) of my rats.

Nasdaq has marched right up from March to October - from
around 1250 to 2000. 50% retracement would be in the 1600-1650 area. Do you think we might be headed there over the next few months?

VIX got to a low (old measure) of around 16.5 - now around 20.

Just wondering what you think. I'm basically set now for a downward bias over the next 3-6 months - after that - who knows.

One observation: looks like the old saw "Sell in May and go away" didn't work this year at least. May was Nasdaq 1500, so that missed the last 500 Nasdaq points.

But, now that we've had the runup this time already, I'm wondering if we may not see a strong market in the traditionally strong November-April period, thoughts?

matt
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