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I am 20% long right now. What do you think about these entry targets over the next few weeks:
NENG - $3.80 (Leary, but willing to commit some)
FNSR - $2.15 (bought first at $2.52)
BKHM - $1.95
AVNX - $4.25(could be this week)
SCMR - $4.20 (bought first at $4.42)
CIEN - $4.85
This is my wish list. Getting all the cash I can together right now. NO MARGIN TO BE USED in case we are WAY wrong..
Check out RVSN during this dip. I work in this industry, and these guys will win the next few years.
So far nice call ZEEV. I think losing 100 points on the NAZ in four trading days is more than anyone expected. Lucky for me, I've been holding limited long positions..probably just 20% of my cash. I raised my equity portfolio up to 50% today, and anticipate launching the rest next week..
Added FNSR to the arsenal at $2.50 eom
The boyz are playing us good..By the way, I'm also eying CELL at it's current price. The chart has strong support coming up...
By the way, have you seen DIGL lately. It's resurrecting from the dead..
I think I will keep my long money away from that one. I am starting to deploy heavily toward opticals, since I (and I know you) expect rotation into those to help the NAZ higher on this next turnaround..
1820 to 1860.. Where will NENG find thier support during that period? You would think that it finds it soon, unless there is something we still have not uncovered about that one..
Watching BKHM..may be a solid long term hold entry here.
I don't know if "paid bashers" actually exist, but if they do, the amount of strong sells on message boards should indicate a turnaround is coming! LOL!
Yahoo message boards have really turned to $hit of over the last couple years. Thank god for IHUB..
Buying long here. I don't think we get our correction to lower 1900's this time..
Just added a boatload of CIEN at $5.61 with my covered short on NENG I've had since the $6's. Long SCMR and CIEN now, eying AVNX..
$29.99/mo. for 5 months, then $45. They are upgrading locations in phases. Seattle was one of thier first.
OT: I just got Comcast high speed, and it ROCKS! 3.3 down...what a speed job!
Just bought SCMR at $4.38 for a long term hold. eom
You are correct..
Short SIMGE at $10.15 eom
NFLX - be careful with that one. Digital distribution is gonna kill them and make thier patented process obsolete very quickly, and Microsoft is attacking that area big time. It may be a better short from here for the long term...IMHO
GNSS looks like a good short right now. Something bad coming out?
PXLW - covered at $15.84 and will reshort on Thursday. eom
ASKJ looks like a prime short candidate too.
FFIV and NFLX will be new shorts added before the weekend too.
I'm probably 3 days early, but I can wait it out.
Holy timetables batman. I thought this Friday was the third Friday of the month. Errrr. Were gonna go sideways until Dell reports, with only morning weakness in the AM. What to do, what to do. Time to unstrap all margin in the AM so I can use it later in the week..
Have you seen the transports decline volume several days ago? Down on huge volume. Usually a precursor to a market downdraft.
Probably the same specialist keeping PXLW above $16 today. I think we will like the next 3 days being short! ;)
Short PXLW, DSCM, NENG. eom
100% short right now.
Shorted NENG at $5.72 a few minutes earlier. eom
Gotta do it. Short NENG at $5.72 for a swing trade eom
This of course, will create the mother of all buys, forcing me to pick up some out of money calls. :)
The general opinion about the upcoming week is up. This is good for your relapse target. ;)
IBM will drag us down next week, you can be sure of that.
NENG - I still think the specialists have one more rabbit in the hat, and by my estimates cuts Friday's closing price by at least 15% (my more bearish scenerio sees 33%). Monday's action should be very telling. Short-term traders may want to look at puts for the next 3 weeks. The Nazdaq Comp average may help them accomplish this, since I am expecting a break of the 100MA and staying under it for a week at the end of this month to freak out the long traders...
All IMHO of course/
I am in the camp that house values wll dive in the near future. So your 5% annual appreciation is over the long haul, and those that can't weather the storm on a 0 down, higher interest loan are in for a shocker. I only hope that they work for thier relatives, because loyalty from companies is no longer in vogue. Once house prices get clipped and all these homeowners are in panic mode to sell thier houses, they are going to wish they were renting. I understand the whole concept everyone is tossing out here. I personally wouldn't touch bankruptcy as an option (which burdens the financial risk onto the banks), but others might not have that same view.
Whew, looks like I'm still a bear at heart, LOL!
Very well put. I agree with you 110%.
Unfortunately, I just bought my house a year and a half ago and have no plans to move in the next 3-5 years. I will have to weather out the storm..
I'm not whinning. I'm clearly stating a point. PMI is about 3/4 of a point each year on the purchae price of your home. Thats a couple hundred dollars for a $300,000 home, which by the way is no upscale home in the Seattle area! LOL!
And don't forget to add PMI in your analysis. If you stay away from the down payment issue, you still have PMI to deal with.
No equity in renting, but the differential in total cost between renting and owning a house could serve as your cushion. For one, you don't have the downpayment issue to tie up your funds. And even if you go with a zero down purchase, you still have the cost differential on mantaining your house and paying larger utility bills. It hard to do a real thorough analysis without detailed figures, but I do understand your point. I just don't think its as clear cut as you make it.
Wow! I'm averaging a typo on every post today! I should really read my messages before posting them!
Takl to yuo all latre!