Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 56.07

+2.6%

Jan 13 4:00 PM EST

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To: Kirk © who wrote (113673)	1/13/2018 10:16:10 AM
From: robert b furman	4 Recommendations Read Replies (2) of 207790

Hi kirk, Long term charts like that - when they include volume are just amazing to me. Look at the huge volume during 2008 and 2009. A histogram of stocks changing ownership from weak hands to strong hands - followed by more accumulation of a flat line sort from 2009 to 2016. In Ted Warren's way of looking at stocks in strong hands - he'd easily say expect 400% return as a minimum. 666 x's 4 = 2664 - we've only just begun As chief points out the decline of 2008-2009 was a major accumulation of all stocks - by strong hands. When you get a once in a life time opportunity to buy great stocks cheap and pay cash for them - the minor corrections and dips along the way get viewed as changes in paper profits - not lost money. It's a whole lot easier to ride out a dip - when you're sitting on a triple bagger. The global reflation with low interest rates will instill confidence and infallibility once again. Every time I see a recession I wonder where the demand for credit will come from next. It's easy to forget there is a whole new generation of young people who've not seen ugly and sell offs. We're in a good market - but we don't have shoe shine boys giving tips and millennials quitting their jobs to day trade - YET!!! Irrational exuberance and parabolic rises will be seen again. The strong hands will ultimately cash in their bag of marbles and leave the legions of investors as bag holders. There is already a pile of money already made by the long term buy and holders. The key is patience and a slow scaling out. Distribution takes time and volume. Thanks for the great historical charts!! Bob

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