Yesterday , as I predicted market sold off on profit taking..
also as noted drive makers caution ,,Komag this morning reported far below the est by .55 cents.. expect WDC, SEG, RDRT, QNTM and IOM to fall back ,,,
I would advise those watching drive sector keep a keen eye for the bargain ,, it will be like picking up BAY at 16 or NSCP at 16 ,, only a few months ago... WDC at 15 is a good buy ...
Today we will have a market rally ,,, as bargain hunters will come in ..
Do not go long and make a new position yet.. rather trade ups and downs.. its too early to go long and short ,,, even bulls and bears are direction less now... also hearing fed might tighten the interest,, also Greenspans IEI index has gone on beyond belief..
9,000 - 9,100,,, or near, which ever comes first,,, April 6 - 15 ,, expect a 3- 400 point correction ,, at minimum..
Always remind your self ,, there is a Unibomber out there some where.. and do not become a complacent investor..
The sector still hot is financials, telecom, internet, y2k,,,
For those that wants a long position,,I highly recommend y2k sector,, TAVA has blown off,, imagine what would happen to our TAVA if they announced a contract with GM or MRK one of this days on top of this momentum,, still expect a 13 1/2 as support.. TAVA already have BMY and KO,,, there is a reason why we are going up... I will call CFO today and say hello and see what the hell is going on ..
RNTK,, of mice and men folks,, RNTK is a compelling story ,, and if you can tolerate a measure of risk / reward ratio, suggest you do a DD on RNTK ,,it's either going to 6 - 10 or it's going to 1 then settle at 1 3/8 ... it will all happen next 30 days. I believe it will go to higher... as I have spent almost a year doing a DD..
Go see our research site on SI ,, RNTK / Research..
Dell, some of you bought IEI DELL at presplit of 130s ,, hope you got out at yesterday's UT .... and save your self from future misery..
and re-enter after April.
As we look for new future stocks,, as a reminder.. I am still going to visit Princeton U on this new display tech ,, and will make a full report..
Meanwhile we will continue to have mometum trades,, and I hope we can all participate and get rid of partition here ,, dogs are welcome now and so are more recent arrivals..
Again , for those aspiring day traders,, please do a PAPER TRADE first.. until you get good at it ...
Today we do an explosive Nasgaq,, with float of 1.7 million trading under .45 with great product.. trying to make a comeback..
Tomorrow , we accumulate a stock that is trading at .017 with a compelling story ,, no bogus hype etc,,coming out of Ch. 11 and getting rescued by big name Hollywood people ,, I think it will do better than our AETTQ play and I am doing this to show dogs,, how we can find real company ,, with real product ,, trading this low,,because of the circumstances,,, ;-)
Any way this company is being bought out.. so for 500 bucks you can own ten zillion shares ...
Will announce today's buy at 10:00 AM EST..
Joe |
