Mr. Big: Before you destroy the phones, wait for me, I'll help.<VBG>
Sorry for not getting back to you sooner, not posting much these days, just doing research, planning moves, trying to make the bucks back. So far, so good. Slowly but surely.
After watching the market moves the last few weeks, coupled with the world news, I got a feel for what's happening.(in general that is)
Seems like the market has absorbed all the bad news presently available, the stocks are not moving down, based on any bad general news, just individual profit warnings. The Dow lows are getting higher and the daily highs are getting higher. My thought is that there is alot of money sitting and waiting, eager to get back in, some is dribbling back slowly. The slightest good news is driving the market up, yet, the worst news is not causing the market to close in a downer. Today, Clinton's video was released, the Japan bank reorganization effort was voted down, yet, the market closed up and the S&P futures look up for tomorrow. Look for a good day Tuesday, later in the day the Japanese will announce more plans to save the economy, right after they meet with Clinton in NY.
The only downer that can spoil this run up will be the resignation of Clinton, should it come. Don't want to own anything that day, however, what a buying opportunity!!!!! Most good stocks are at a 52 week low now.
My prediction, Nextel is up 1 1/2 on Tuesday morning, too bad I sold mine last week. Don't want Nextel at 22 on a Friday. It's real funny, ironic, last year nobody wanted Nextel at 32 on Friday, afraid it would drop to 29 or something close. Remember, those were the days of big dumps 5 min. before close of the market.
Keep reminding me of the Jet Ski event at Havasu so we can meet again and talk about expanding bus. to Southern Cal.
Regards to all
Al G., in and out of Nextel like a rat in a junk yard. |
