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I understand now. Thanks.eom
Do you think SUNW may get acquired by someone?
I'd be interested in what you heard, if you want to speak here.
I'm sure others here would be interested too.
Wahz,
You're not following Sunw anymore, are you?
QUICK, LOOK INSIDE!
BOO!
Happy Halloween everybody!
"woah, manu way up"
Who let the dogs out?
I'm being lulled to sleep by the markets yesterday and today.
I think I'll take the kids to PlayPlace for a while.
Wake me up if anything happens, will you?
Later.
"sh-t WILL happen."
That's the part that worries me in the next few years to de-rail this bull: The un-foreseen event (like 911, for example)
Everything else is lining up perfectly for a nice run in the next couple of years (my opinion, of course).
NOTE: I'm getting close to my 18 post today, so if I don't respond to someone who post to me, that's why.
Sure he will.
You know as well as I do, they write the headline as an excuse to what happens.
For example, let's say GWB stubs his big toe and the markets have a moderate decline on the same day. Why, that's the reason the markets tanked.
Never mind the markets gone up for a while and were due for a pull back.
Get it?That's how the game's played. We all know that.
Again, dropping crude prices. Oh, and let's not forget what a mild winter will due to energy prices. And what that will do for the economy.
And, if anybody has an extra 100 miilion laying around,
they can have Manny Ramirez for 5 yrs.
Red Sox don't want him.
George is probably on the phone as I type this (Steinbrenner, not Bush).
My point was the drop in crude prices.
When crude prices drop, it's always good for the economy.
"3:00PM: The favorable bias continues to be maintained, with the major averages trading near their better levels of the day and the Dow vacillating along its session highs... In the commodity market, the price of crude oil is lower by $0.40 at $28.51/bbl, it's lowest level in a month... The price of gold is lower by $2.60 at $384.40/oz..."
Get energy prices down, and that will REALLY feed fuel to that "econonic fire".
Hell, I'd rather buy a new pair of KEF speakers, instead of spending it on energy.
Too fat in the GO-GO 90's
"CNBS: 7.2% GDP and yet 136,000 jobs LOST for the Quarter. Hmmm... "
In case you don't know: jobs are the last piece of the puzzle to be added in an economy recovery. Always has been. Always will be. That's just Economy 101.
"Syl, write this one down. 4th q gdp will be up over 7% also
so vix at 8, dow 10,000 tomorrow, dow 14000 before2007, nasdaq 3250 by 2007 and then this. I just give you TONS of material:>)"
Man, I hope he's not in the middle of eating or drinking when he reads that one!
"jdsu"
You make a good point, there.
What's a bigger dog: CIEN or AVNX?
I say AVNX.
But then, that's probably because I own it.
"You ok? I thought I was the only smart ass here..there is plenty of room for more"
I have my moments.
I'm running out of post fast today.
One of these days I'm going to "buy" a membership....
Damn, markets went negative now. Oh well, the days not over.
"...but there is money coming to change that"
Can I have a little?
No, we're there yet. I'll let you know when we are.
Syl,
You talk out of both sides of your mouth.
You run around yelling "the sky is falling!", yet you stay in the marekets and profiting nicely.
If the sky really is falling, why stay in?
Oh, that's right, you're here to save the "little guy".
I've heard this for years from a certain politicle party.
Elitist who know better and everyone else is an idiot.
Don't worry about me. I'm perfectly cabable of taking care of myself. Really, I am.
"So did you dump your longs?"
No, funny you should ask.
I was just sitting here thinking today's trash day.
Hopefully some laggards will move up and I can dump them.
I sold one and will probably sell 2 or 3 more today.
Hey Syl,
Just for the record, so you don't think I'm a "perma-bull",
we could end down today.
If we do then I think we go up tomorrow.
Big up today, and I think we go flat to moderate down tomorrow (like give up 1/2 of todays gains, assuming we are up).
Nothing scientific, just my "gut" feeling.
3-1/2 - 4%.
The Feds not going to loosen up.
C'mon, it part of the GWB re-election campaign!
Just like those refund checks in the summer.
You got one, right?
Pigs always get slaughtered. And the ignorant.
"who cares"
Sylvestor80.
"So you think we'll beat that in Q4 and Q1 04? :)"
No, but 4% in very "do-able", and I think a lot of people think that isn't likely.
4% growth is enough to get GWB re-elected.
OOPS! I shouldn't have said that. A lot of people don't like to hear the truth.
Oh well.
Market Update
9:00AM: S&P futures vs fair value: +6.0. Nasdaq futures vs fair value: +19.0. The futures indications continue climbing on the heels of the better than expected advance GDP report, which checked in at 7.2%, above the consensus of 6.0% and its highest level in almost two decades. Accordingly, the cash market looks set to open higher, extending this week's winning streak. The European bourses also lifted in reaction to the strong economic data, with the DAX, CAC, and FTSE, which had been basically unchanged previously, trading up by 1.2-1.3%. The bond market is getting crushed, with the 10-year note down -15/32, bringing its yield up to 4.36%.
Thanks Wahz. eom
"for a very long time, imhdo..."
Does that mean 1 year, or even longer?
"nothing like Z's board that was 85% expecting new lows in january
for that board, that's bullish."
Now THAT was funny.
Thanks for checking, JMKel. eom
Wow, maybe that explains that spike I have on the MACR 1 min. chart @ 19.97 (12:50 p.m.) today.
That's just under the 200 day ma.Maybe that's where it stops today.
I Have the same.
But on a 1 min. chart, I show that spike I mentioned.
"Macr is showing a nice recovery today. Iguess the margin selling is now over with. It looks like we may have 20 or 21 this week after the GDP report tomorrow."
I'm showing a spike at 12:50 p.m. @ 19.97.
Is that what you have?
From my experience with these types of spikes, we could very well end there before the day is out.
We'll see.
O.k., and thanks, on the last 2 posts. eom.
I guess the reason I don't trade the Q's, is they don't move enough, and I get bored.
They are "safer" than an indivdual stock, but I get bored with them. I probably watch them too closely.
My biggest obstacle is boredom.
I make good picks. I just don't have much patience.
But I think that affects a lot of traders.
I never thought you were an idiot.
Hell, that's why I'm here.
I've followed you since you started this board (after reading some of your posts on other I-HUB boards).
I think you (and one other person) have a better grip on this makket than anyone I know.
If there's people on here that think you're an idiot, and they stick around, well than I guess they have some mental quirk.
If I didn't like what I read here, I would bother being here.
But hey, that's just me.
Boy, I didn't mean to (and I hope I haven't) opened a can of worms here.
It was just a question, that's all.
Don't you mean intermediate and long term?
That's what he's best at, in my opinion.
Did you get into GNSS?
It's doing nice today.
I got in MACR a little early too, @ 18.86
Wahz,
Then why are you getting so caught up in what the NAZ is going to do in the next 6 months? Isn't it more important what your stocks do and not the overall market?
Or do you really like trading the QQQ's? (I know, that's why you started this board)
I just think the QQQ's are manipulated too much.
I don't play them.
Sometimes, it's just a quick "spike" that happens too fast to act on.
When that happens, the MM is going to sell those shares at a higher price later in the day.(After all, he grabbed those shares for HIMSELF)
"I have a plan now to buy back the 2nd long q position if we drop to 1900~. I could well be wrong...I still think this is the area that is the toughest to take a wag about. The issue is that we continue to behave MOST like 1982, and if that is the case the recent low will hold, and we will run to 2100-2150 by mid Jan. Again, this is my least preferred path because it leads to a one year consolidation, instead of 3 months. Bottom line on that is last weeks low will be an important point and will be a support area on a good size correction during next years consolidation.
Anyone following this gibberish closely will see I am switching back and forth between two paths. However, All paths lead to that 2150 area within 8 months, deal with a period of consolidation that brings us back down here or lower, and leads to a blast off to 2800 at the latest by the end of 2005"
If this plays out, how do you see the 18 Echo performing?
Will they outperform, underperform?
My guess would be outperform.
MM's taking out stops.
"I am probably the one who needs to lose some weight."
We call all probably say that!