Morning IKE
IMO, now that Billy Boy has been "vindicated"<g>, OPEC has done their "usual" Jawboning Routine, with ZERO results, and Asia seems to be a "non event" no matter what the "Real" story???.....
The ONLY event that will make this market correct, will be Alan Greenspan & .25 basis point rate hike...PERIOD.......
The power of this market has been nothing short of incredible...
IKE, I have made back a large amount of my losses from the end of last year...I am long a lot of Calls, and will continue to be long until "THAT EVENT ACTUALLY HAPPENS", everything else is just NOISE!!!!!!!
I think it's very important to let your longs keep going both shares and options, LET THEM RUN, no one should sell "Too SOON" <ggg>..
I know the internet stocks are WAY overvalued, but to me this is THE HOTTEST sector of ALL sectors...Pick a stock and watch it double from EVEN HERE!!!!!! I especially Like LCOS, I will be a BIG buyer of that stock if it ever pullsback just a little????
As for the semis & semi equips, yes I'm fully aware of the current thinking of the street, YOU, JUDY & NANCY told me so<g>, they are just way to cheap no matter what...I'm waiting patiently to see what happens as they announce this Q and Warn about the next 2, to see how cheap they REALLY are<<vbg>...
But IKE this market is even MORE powerful than the same market last year at this time...NO ONE WANTS TO SELL!!!!!!!!!!!!!!!
This is a HOLD and HOLD and HOLD market for the long haul...A major shift in investor thinking here in the USA/////..We still have the safest and best market in the world...
As a raging BULL, i am riding the back of this Blockbuster Rocketship to the MOON....long live this crazy animal<ggggggggggggggggggggg>...
My Regards, Jerry |
