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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 39.19+8.3%Nov 26 4:00 PM EST
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To: Henry J Costanzo who wrote (16345)6/8/2004 11:58:09 AM
From: dvdw©  Read Replies (1) of 207052
 
MC you said "they don't grow in rarified atmosphere. but only after an extended bear move...........and I don't think the action since January qualifies."

Perhaps you dont own a basket of these stocks....if we are talking about RUT stocks; I own a bunch, and we have been in a severe correction since January with many sitting at their lows.

So without commenting on the efficacy of your charts one way or another.....I suspect the rinse cycle in many of these issues has played out. Most have demonstrated positive guidance, and forward fundamentals look great...yet, here they are sitting on the lows....too me this is the churn...it has little or nothing to do with the stocks themselves.
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