Clint,
News link on elnk & mspg: biz.yahoo.com
biz.yahoo.com
I was thinking about going long with enlk or mspg last week. But after reading these articles, I was too hesitated to get in. Well they both had a nice jump and broke out nicely.
From Greenspan's speech yesterday, it hinted that we might not get a rate cut. But market rallies anyway. If we really don't get a rate cut, how high can this market go?
I am getting nervous and ready to take profits or write calls on some semis (amat, klac, ter, lsi, altr, amd..) which I bought a while back. But I am afraid to take the profits off the table too early like what I did with lu, tlab, vtss, csco. I am getting greedy. The top might be just around the corner. What do you think? Do you see the top coming?
Last time when the internet stocks have their last blow, my eggs went to 30+ and then dropped like a rock after that. Right now I hold some eggs which I bought during the fire sale. And now it's on the verge of breakout. Maybe after it has its day, then I might pick up some puts. Can't wait to put those internet stocks. But I'll probably wait for a while.
Iris
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