Big: N's variance is getting tight, The trees say down, do you say up?
I left the tree until the Nextel dust settled, I agree there is something in the tree, but, with lots of convertable debt, lots of high interest debt, cash flow worries, and a market that is starting to get jittery, I can't see a reason for it to break out on the upside, can you? Going contrary to the market is a possiblity, as a matter of fact, N has done it before, however, when the market slides, like in October, N does it all in one day. Trends, charts, statistics, are all good measuring and predicting tools, however, when the TV speakers start talking negative, like market oversold, fourth quarter and 1999 earnings worries, Clinton, and Asia using dogs in place of fur, the icing may be starting to crack again. Look at the charts for MSFT, DELL, LU, WLA, ORCL, ICLF, they all look very similar,(not similar to Nextel, of course) the next few days should tell the tale.
Arnie is quiet these days, he appears to be patient and content, however, I wouldn't be surprised if he sold a few of his 100 shares and jumped into his next choice of excitement. You heard of the Greenspan briefcase indicator, well, SI has the Arnie Dolittle participation indicator.
Regards to all in Tahoe
Al G., looking at charts till the eyes are falling out, only to find that they reflect the past, the next day is still a guess. Long term is a bigger guess, right....Boeing? |
