Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 61.20

-6.1%

Feb 3 4:00 PM EST

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To: Turbodiesel who wrote (34050)	10/14/2008 10:10:01 AM
From: steephen	Read Replies (1) of 208219

With earnings, guidence and economic data likely to suck bigtime for a couple of quarters - perhaps its only natural that people take some off the table. Or those who are looking for a 5 down are cashing out after the their upside relief rally met their targets. I know I cashed in my trading positions pre-market. I can always reposition in the stocks I want if they have poor earnings assuming they reach price bottom before the economic recovery. Anyway after such a big move up it would be greedy not to take some profits - LOL. Anyone see the FOX advert for their financial channel which basically just trashed Cramer. I thought it was a joke when it first started. GE must be desperate for any income - LOL>

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