Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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To: Chip McVickar who wrote (13739)	3/3/2004 11:21:02 AM
From: robert b furman	Read Replies (1) of 207767

Hi Chip and GZ, Seems to me the trigger for the dollar was Greenspan's comment about the futility of China and Japan intervening and/or pegging their currency to the dollar in an effort to be a falsely lowered currency and therefore super competitive. This is a truism that the market is confirming. When the deflationary forces of China's massive manufacturing growth stop, we're going to be in for a strong dose of inflation - I fear. That will trigger the rate increases and they'll have a strong lag that we'll have to live thru.Gulp JMHO Bob In between that - I think what we're seeing is a double bottom test of the lows put in over the last two weeks. I'm buying this dip - with an "ADD TO LIGHTLY" aggressive attitude. I'll be like GZ and cut losses quickly. Next month earnings will start up again - in between we'll have some prewarnings and there is a lot of time before April 10th comes up. So a weak false start of a pop after dipping for the last 5-7 weeks will be a good move. If we have a pop this month - then selling the good news will occur like it did as Q403 earnings came in. Good earnings/revenue growth in Q1 04 will be rewarded with a nice price run if we don't jump the gun and over anticipate the earnings news. Most investors are expecting a correction of this long run - so I think we're setting up a nice price runup - going to those who are growing revenue AND ARE LEANED OUT ENOUGH TO BE GROWING THE BOTTOM LINE! The market is tired of stories - it is SHOW ME PROFITS TIME. A very healthy environment for correct stock pickers. BWDIK Bob

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