This thread tends to lean Bearish, if it gets bullish then worry,
out look rotation..program selling/buying the dips..poor for
big banks, tech rebound in a day or two..just buy dips on what
goes out of favor. ( except oil people waiting to long to get
out of oil stocks ) Low oil price will help overall economy better
than interest cut. If oil stays down oil stocks will get clobbered
next quater..but other sectors will benifit.
Just rolled out of copper ( pcu ) nice profit, trying to get
the bottom on CPQ..leaps Jan00 24s look good at 8-5/8,
if CPQ don't make 32-5/8 in most 2 years I'll kiss your butt
chances are sometime between now and then she will hit 40 or
more.
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Long term hold on PLSS, buying on dips, open bid at $4 good
till cancel , I'm in at 4-1/2 avg now.
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Correction last thurs was weaker than I thought it would be,
market may be over priced but it's still strong..plenty of
cash in the wings. She could get a lot more over valued before
any real pull back, ( limited to about 20% ) ..just a lot
of money chaseing less and less stocks, consoladation has
reduced the number , demand is stroger than supply..
bad news will just cause dips, something really bad has to
happen to crash this market..bears are getting the short end
of the stick 2 out of 3 times.
That's about it.
Jim
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