Ken,
I agree. Times are turbulent. But do me a favor. Take any list of stocks you want and download their 52 week high and low prices (and last Friday). If Citibank has lost 100 points (God, don't tell John Neff), how many more points can it lose? I guess 70+ points....
This has not been about NXTL since July 17th. I admit I was naive back then to the potential downside, yet, at the same time, I warned fellow posters of "long-term" viewpoints. I should have been reading my own posts. But today reminded me of '87. Where you stare at the screen and say, God....I never thought I'd see XXX at XXX. And I actually bought more today. But I'll buy more at 15 and 13 and 5 and 1.
What I think is most interesting about these times is that big Al (Greenspan, not Brown) has to act. He can't just walk in with a briefcase and a grin and talk about nothing. Yet he has to do it slowly.
Bottom line, whether Jim Cramer likes it or not, Al can't fix this problem THIS week. The 30-yr at 3% is not going to fix this problem. Japan needs to make the first step. And then you will watch quite a rally.
We are suffering for their market being over-valued for the last 10 years. But of course, that is only my opinion. And my opinion, at least regarding NXTL the last year, has been dead wrong. So buy puts, or short the stock.... T
And by the way, who is going to listen to a "buy" recommendation from anybody these days? You are buying their shares. |
