Stan Druckenmiller On CNBC
" Breadth to me is a lagging indicator on an intermediate basis, it may not be on a long term basis. I think breadth deteriorated for 12 years before the last top and it did make a new high in April, so it's not inconceivable we could make another new high. I do think, unlike many others which want to buy small cap stocks they think are of good value, the rally will be led by the large caps and the small caps will suffer the greatest. "
I AM NOT KNOCKING ALYDAR....Just thought I'd post this in case yall missed it. Like most of the big boys, they are staying away from the small caps and going with the DELL's and the Coca Cola's.
Many of you I'm sure think I am probably shorting this stock or trying to keep it down so I can get back in. This could not be furthest from the truth. I simply look at it like this......Until individual investors start MAKING some money rather then LOSING money, the market will remain in this funk. Alydar, right now under current conditions is going to lose value in share price, which means we investors will lose money. I sincerely hope I am wrong and ALYD shoots back up above $10 - $15....I may have missed the boat on IT, but if the market corrects back upward, I will do well on all my other holdings, as will all investors. So, yes....I hope it shoots to the roof, but I, like most other people right now, need a little more on the table then just hope, and that is why the money will flow to the large caps......Too much money has been lost for most people to gamble on the ALYD's. If you've just been to vegas and lost 50% of your money, you'll do one of two things - You will try and get it all back by going with something a little riskier with higher odds, and most likely lose your A*S or you will bet on something safer with lower risk and better chance of recouping your losses, and most likey make the losses back in the long run........Ever notice that the stock market is just like vegas ? |
