Yahoo started to have daily charts, and their whole Finance section has been remodeled pretty nicely.
I have a hard time going to sleep (called Margin Call Syndrome). So I am posting these couple thoughts:
I personally kinda disagree to Ney's prediction of next week. First, Thursday's volume in SOME stocks are big enuff to show that MM/S will conduct some kind of rally on Friday (today). Second, Fed will not increase rate because results could be disasterous. The ones that has to raise rates are the troubled Asian countries, not us. My conclusion is that the big down day will not be next Monday, but sometime in Dec or early Jan. I still think that we will see new high by end of Jan.
IBM was downgraded Thursday by Merrill due to the Asian bullsh+t. Remember, IBM was the first Dow stock to make a new high last week at 113. But it is now downgraded when its trading at 106 on Wednesday, down to 101 toady? This is to prove that the downgrade does not come UNTIL THE PRICES ARE LOWER. Say, Merrill did not downgrade when its at the highs, but when its off the high (to minimize selling until prices are lower)
Another thing, IBD just has an article about how the semiconductor sales went up 12% from 1996. Asia sales DID slow down, but other countries' sales compensate. So now, WHO IS SAYING THAT TECH COMPANIES ARE SLOWING DOWN??? When somebody loses, somebody has to win.
Thanks for the stock tips, but I am in no shape to buy any new stocks. Maybe I can use some later. How large is your portfolio, if you dont mind me asking? |
