Hi Sonny and all: Sorry I have not stopped by in a while, but have been too busy sweating out some of these internet stocks prior to blast off this week.
I hope to spend more time back here now that Intel is re-awakening from its long hibernation. I am working on a theory of mine right now that could send Intel through the roof, hot on the heels of IBM and the call I made on that stock from 104. Btw I still have not ruled out Intel as a merger candidate or takeover target. Now that we have seen my January predictions of giant mergers ahead in my: "Year of the Titans" piece, with the monumental mergers already seen in the Banking Sector, just about anything is possible in this current market.
I have posted some excerpts of posts on other threads for your perusal.
These notes were posted last weekend, I will try and post more tomorrow. My only other worry at this time - I will post some more on that tomorrow.
Even though some of this is a few days old I think it is still valid:
The overall market has a kind of explosive feel about it. The kind of move that can help lift all boats as it has done in many cases and may be about to do to the same FNTN, (my favorite most undervalued Internet play and still my trade of the year). In fact I'm betting that the market is about to put a Mercury 1000 on the back of this
rowboat, as it has already done for the many of the leading Internet Paragliders! The shorts must be getting decimated in many of these stocks that have been rocketing to new record highs almost daily. The combined effect of all this has the potential to send the whole market parabolic, especially if we get a synchronized move in the Dow stocks
and major indices as now seems to be unfolding, as well as many of the other key leaders.
Some stocks that could really surprise and kick these ideas into high gear would be strong continuation moves in MSFT, DELL & CSCO and unexpected breakouts in IBM and Intel. The incredible valuation awarded to Friday's IPO sensation Broadcom, (BRCM), may cause many analysts to re-assess Intel's PE ratio and valuation as relatively cheap, resulting in a spate of upgrades.
The Semi-conductor index which has been under considerable pressure over the last 6 months, now appears poised for a major breakout. Since this is a leading indicator, it could be a potentially very bullish omen for the market.
I was indicating some of these probabilities in occasional E-Mail reports I have sent out over the last month or so. Now that many of these initial suggestions have already come to pass, the potential for the market to power on from here is actually growing more likely.
If you would like me to post some of these interpretations, please let me know. Just got a gut feeling that if the earnings reports are exceptionally positive next week (they are already running a 2:1 Plus ratio) then this may set the stage for the kind of market moves such as none of us has ever experienced before. Just be prepared.
Today on CNBC, I was surprised to hear a seasoned money manager stating that a correction from these levels was 'virtually inevitable', because we have already risen so much. When this kind of 'inevitable' talk is telegraphed to the masses, it invariable produces an opposite effect! The only real dark clouds threatening any of this for now would be those that are blowing across the Pacific...
Just some insomniac thoughts and reflections on the week, as I am trying to get a life back after being hit by a 'flu bug these last few days.
Rgds to all
Wiz |
