Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 43.67

-0.3%

Dec 30 4:00 PM EST

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To: t2 who wrote (19557)	4/5/2005 10:13:33 PM
From: robert b furman	Read Replies (1) of 207509

Hi t2, Exactomundo ! I've loaded a GTC price ladder to buy my favorite stocks - all at marginal new lows. If the shorts want to work price down to new lows,they have to feed my price ladder,to work it to the kind of lows that will pay for them beating up the market. I'll not be shorting this market from here. Really smart people short tops and buy bottoms. If some newbie short wants to get greedy and move this market - he's going to have to feed my need for cheap money making,highly capitalized stocks.GG I think the steels,home builders and oil/gas companies may well be topping out here in the next quarter. Most tops must go sideways for a slower distribution from strong to weak.Late comers will buy that wave and have hope for new highs. So we may see close to new highs and then a collapse.The leaders have gone up way too long (in time). I think semi's will consolidate under the new label of mature growth.As all of the other sectors rotate through the recovery - semi's will be rediscovered as high growth after they reagain - introduce technological savings through highband width and software consolidated database management at much lower cost levels. Last cycle the GM's and GE's embraced internet buying and bidding and infrastructure savings. This cycle a whole new list ao mid to small businesses will embrace the same savings.There are so many more small tier companies that they will exceed the demand of a few really big firms,in the last cycle. Bob

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