. . . . . Some facts. . .and some views. . . .
Most volatile stocks at this time. . . during peak selloff. .
ATHM, QCOM, INTC, JNPR, CSCO, ORCL, SUNW, APAT, YHOO, VTSS, VRSN, EXDS, ARBA, EBAY, JDSU, NTAP, RMBS, BRCM, VRTS, PMCS, INSP, CMRC, SDLI, SCMR, VERT, CIEN, INKT, BVSN
Notice these are many the most desirable stocks there are.
Volume leaders at this time. . .
CSCO, ATHM, QCOM, INTC, ORCL, MSFT, JDSU, DELL, SUNW, WCOM, APAT, EMLX, YHOO, GBLX, BVSN, RHAT, AMGN
No stock on my B2B watch list is down less than 4% with the average being -6.5%.
POINT losers at this time. . .
TERN, ABGX, LMLP, RMBS, AETH, EMLX, AKAM, VIGN, INKT, NAVI, SDLI, OPTV, TZIX, HAUP, NSOL, MUSE, SVNX, CMRC, PMCS, ITWO, AFFX, RBAK, VERT . . . perhaps this should be our buy list.
Wilshire Index of all stocks down 1%.
New Yearly lows. . . none of these same symbols appear, except ETYS. . not much to choose from here. . .Mossimo, Veramark, CDNW, PFSWeb, Emachines, etc.
Mark Mobius of Templeton. . .is the Abby du jour. . . saying "some" issues may pull back as far as 90 percent. . .calling for a "crash" of internet stocks. . . do you think he holds any as he says this? Mobius manages $12 billion in mutual funds. . .what percentage do you think he is short internet stocks today? If such statements cause fear, it can bring enormous profits . . by playing against the flow.
TokyoJoe calls them "unibombers" . . . Joseph Cohen yesterday, Moby Dick today . . who will be tomorrow?
All that makes sense in the current activity is greed. . .big hands wanting cheap shares of the best companies at the expense of the weaker retail hands [us]. . . in anticipation of one fabulous earnings week. . . and a tremendous bounce. . . .
We knew of the tech selloff. . .which is why we sold off nearly all our tech holdings 2 weeks ago. . .but I didn't anticipate these anal-ysts holding their foot on the can. . .as earnings season approaches. . . and so it caught me holding new positions in SVNX and a few others. . . we still won the war. . . . a tip left on the nightstand for the maid.
Well. . .that is it. . . greed is the motivating factor and market manipulation by large brokerages is what is driving the moves. . . for the purpose of shorting near-term, then buying on-the-cheap in anticipation of earnings season. . . .hello, SEC? Are you listening?
Perhaps some of you have alternative views you could share. . .I would love to hear them.
Rande Is |