Johnathan,
I think you are on target with this market, and will be siting on the side line for the time being. I have had no time to do any TA, and do not want to jump in for the sake of being in at this time. I will be waiting for a time like last summer, when the beat up techs made there run and we made some good profits. The time to be in has come and gone, profits were made, and now the pull back. (IE SEG - what a bargain under 20 last year, over 30 now and it should pull back under 30, I will be a buyer then) There were so many bargains out there that it was hard to keep track of all of them, but they are overpriced now. WSTL is back under 6 and closer to 5 really, if it cracks 4 I will buy more. PAIR, WDC, MANU AWRE and so many more are all on the block it will be hard to pick the cream, but there will be cream. I hope to get to talk to you this week end, and will look for you on line. I'll be in Long Island most of Saturday, so it will have to be Sunday, but I'll be looking. Have a great week end.
Charlie |
