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Hey dis,
I don't know how we got into stops but I use them at times. I try and trim spikes up more then have stops hit tho. I've found that leaving hard stops in place has caused pain, so I mostly use mental stops now. If you've mist most of this tumble.....good for you.
Fletch
Hi L99,
The IMOS chart looks weak but so do many others. There is a lower gap that could get hit too. I mentioned IMOS awhile back
http://www.investorshub.com/boards/read_msg.asp?message_id=2209041&txt2find=imos+
Fletch
Wait for a reversal, gap hit, double bottom and or wedge before buying IMHO.
AOU's chart is stronger but I see that one took a hit today.
Hey dieselfuel,
The chart says......stay away.... China or India.....gonna be big no doubt about it......but INTC a good core tech if bought low enough....just might not be low enough yet. A buy soon tho. they selling the semi's big time now....who knows what????? This chart SUCKS! nite nite df
wahz......what to buy if you have some $...........
Fletch
My opinion is....#1 QCOM....look at the power in a sell off...gap near 60..prolly won't fill.
#2 is.................JNPR wedging up, 24 a real good buy! Under 25 OK too..50 soon?
my #3 is AUO.... Average in this one...going higher tho.......gap just over 18..
WHT was a buy lower......not a wahz play....but a good one.... :) gap tho now......
I tend to agree........cause I'm ready to ..... explode..... BANG!
Fletch
Super......futures are down....flush em out.... get it over.....hate slow chop...
Hey dis,
Some compelling technical evidence..........................
Fletch
LOL,
:)
Fletch
Hey dis,
I might know you from somewhere vbg......did we know gold would continue higher at the time?? What was the compelling evidence then??? I think we hoped....but we never knew!...... Do we know there was a tech bubble that burst in 2000....... yes...but later.... Can we........ after a huge consolidation phase... resume UP...with much better companies....what was really to be the future....sure. Back then garbage ran from 3 to 50..... Most investors and traders are very skeptical now of tech....as you are showing very loud and clear... I think lots of "selected good picks" have very good upside.....very possible 10 baggers......from today.
Oh YES,
Fletch
I do believe dis.....I'm in them...... :) My $ speak for me ...keep in mind......I'm a techie...so.....WTFDIK! Still OK in most....entries are key......as you know....read the chart...
PS....My biggest winners are value plays so far.....not tech.....at least not yet.... MAXF, AHH and WHT have been very AOK ;) ............ but all longer term holds. You can make $ scalping and keeping losses to a minimum...... I can't.... I work...... bye buddy...
Yes dieselfuel....I was trying to come up with reasons for why we had the big sell off. We'll be OK as far as jobs go....We are mostly losing manufacturing which was one of our core areas. For years we used other countries recourses and turned them into products....this made us very rich. Now we must pay for the recourses and other counties can make it cheaper....so we buy from them. Some of the lost jobs weren't that great anyway but did provide something for the less gifted. A world in change........nothing new.
The sell off most likely is that old fear greed engine just doing what it does best....driving us crazy....no logic to it. I've thought about a "They" but who are they? Are all the market makers in cahoots or do all the fund managers get on a conference call with each other? The fear greed is all it is IMVHO.
Fletch
Edit.....I'll be thinking on which I want to add to. I do like AUO alot but might not be a 10 bagger from here....who knows..
Your OK by me dieselfuel.......
Jobs going over seas....no..... Hurts us big time IMO......longer term.
We are loosing market share!....we get poorer and..."they" benefit.
but survival of the fittest and we aren't all that "fit"......we lose some! Indian people very smart..so are the Chinese! SO Beware!
Tech bubble....some yes...some no......depends which ones......wahz plays are AOK IMVHO.....
Energy......Yes....energy costs are big...everything plastic now...or petro based..... big SUV's abound.....not enough hi-breds.....we've been giving energy away here in the great US of A...........
The terror crap helps Bush...... and OK with me..We need a strong defense against these dirty little POS! Hope they catch that slimy Bin hidden! Catch that jerk and we'll rally like no tomorrow!
Yes...... Communications Revolution!........Still going on Full Bore IMVHO! With or without earnings going up....just is where we are......right now in time.......
Where the market goes?..Who the hell knows?? and no LOL....cause it aint funny,
Fletch
How many think jobs lost to China...India .... is really hurting us?
How many think that higher energy costs.....is really hurting us?
How many think we are already in a.............tech bubble.........?
How many think the terrorist activities are......... hurting us?
How many think we are in a........... communications revolution?
How many think the markets will go........... much lower-higher?
Just a Wondering.........
Your buddy,
Fletch
Enjoy the weekend!
You know.....I was thinking about how this tech sell off very much reminds me of a couple of years ago with the gold miners. There was a big initial run up and then POW ....most back to almost where they all started.....I must confess it did hit me some then. I was so happy at the time of the run up and then dashed..... They say to buy the first big pull back.....we are there....a bottom ??????
I'd be guessing,
Fletch
PS Still holding WHT from much lower........vbg......GG....HMY....too.
I guess we could or double bottom around that 1927-1930 area. One good thing is lots of the pack are back in 10 bagger range, if they reach wahz's upper targets. FNSR, BKHM, AMCC, AVNX, NENG, CIEN, and SCMR are all in my ports and I'm adding to them.
:)
Fletch
Lots of selling going on.....usually a good time to buy....or add some more...Patience!
Wedge formation still intact too......1950-1955 pivot....
Interesting 5 year chart with the small cap index leading they way against the big three.
Fletch
wahz,
The comp chart looks to be forming a wedge. Why so weak? The last flush? Lots think of tech as kind of poison since the bear.
Fletch
For some reason I differentiate small caps and tech small caps.
wahz....please never mention the 300 day.......ever again...........my heart.....it won't take it! <g>
Much Thanks,
Fletch .... new lower box ....looks like a bottom....who knows.....the small cap tech Elephants? 1900!
As you can see 2000 should have held but lots going on around 1900 too...read charts...all we have.
wahz,
We agreed that AUO was the preferred flat panel screen play....nanotech was the only other area we mentioned.....VECO....longer term? Do you have other nanotechs in mind?
Thoughts,
Fletch
VECO ....not a bad tech play without the nano..........long term.
Veeco eyes nanotech long-term payoff
By Rex Crum, CBS.MarketWatch.com
Last Update: 10:29 AM ET March 17, 2004
Editor's note: This story has been updated. The previous version omitted part of a quotation from Ed Braun.
SAN FRANCISCO (CBS.MW) -- Ed Braun, chief executive of Veeco Instruments, keeps a critical, though optimistic, eye on the nanotechnology market.
Veeco (VECO: news, chart, profile), based in Woodbury, N.Y., makes atomic microscopes, optical profilers and etching devices that its customers use to develop their own nano-scale products. Braun says nanotechnology, the science of manipulating matter at the atomic level, has gotten so much hype that investors need to carefully consider the costs and opportunities of the market.
"We live in a world where nanotechnology companies potentially attract too much (investment) money now because they are getting so much attention," Braun said. "But as nanotechnology touches more of the world's industries, it will become more difficult to separate it from those businesses."
Braun became the CEO of Veeco in the early 1990s after leading a leveraged buyout. The company went public in 1994 and did $279.3 million in sales in 2003, and Braun said sales should reach $400 million this year.
At Merrill Lynch's recent nanotech investing forum, analyst Steven Milunovich called Veeco "the leader in nano-scale tools and (is) considered to have a strong patent portfolio." Milunovich highlighted Veeco broad customer base, as the company sells to the semiconductor, data storage, wireless and scientific research markets.
Braun said nanotech can live up to its hype, but it will require research and patience on the part of investors who think the technology will change the world.
"This is a significant, disruptive technology," Braun said. "But the reality is you need to think of it as a very exciting, 10- to 15-years' opportunity."
Rex Crum is a reporter for CBS.MarketWatch.com in San Francisco.
Thanks for stopping by buddy! I agree...the climb action next.....Fasten the seat belts tight...
SJNORJHTING,
Fletch
PS I'm 25% Irish, so getting into the booze a little now <GGG> cya.
SJNORJHT.....swedish....cheif? ......I like a world of diversity :)
Looking to stick my neck out a little and sell some of my value stuff to buy more of the weak pack er ah I mean wolf pack lol......look at CIEN now....At 5 not far from the lows and a 10 bagger if it hits 50.......
Fletch .....5 should hold too.....not much risk.....higher gap to fill over 7 ...
<<<<its been a bad correction, so far and there is no guarantee its over>>>>
Agreed.....just want to know......those Elephants....the ones with all the big $.....did they desert us?...sure they did!! .... My guess is........a huge rally springs forth.........
when tho?,
Fletch
PS Added a little to AVNX today at 4.01...chart looks sick....but 4 has support.....
Just look at the spike in mid January............Damn it........hit 7.50....even. Oh well.
<<<Remember if you believe that gun has a bullet in it you will panic and capitulate.>>>
Hi Fed,
Sounds like you're happy....OK with me but the sun will shine sometime again.....and very brightly.
Now is the time to buy some IMVHO.....cover some of those shorts.
Clouds do clear up....eventually.....
;)
Fletch
Try some of this one.............blowout earnings today.....QCOM.....JNPR too...AUO?
Do we need to form a cup here <g>? I don't think so but who knows. Who buys and sells the freaken $VIX anyway! Get back down there you dirty POS......lol.
Rolling Rolling Rolling....Rawhide.....is my butt right now....
A rolling or.....tumbling top.....not pleasant which ever it is........Holding most still.
for those with ANY interest in the $...you can die too .....LOL..,
And the POG.........GO WHT!
I'd guess after today...it's hard to post much....There is a bright spot or two..... QCOM is still holding up well.......JNPR too. That AUO held the 20 day but did cave in some.....
Fletch
Can it fill that lower gap.............? I want this one.
QCOM is very strong.....do they have any oil wells???.....ggg.
For those that came down this far lol. WHT blew out earnings today!
Shows how weak the market was.....Time to add........can run now.
LOL,
Fletch
Close counts too..
<<<<I'll tell you when to sell later..;>)>>>>
Thanks buddy......eom....,
Fletch
Hope we hit "THE" peak!.....:)
Thanks for being here wahz....weekends boring without the board...we must live too tho....to LIFE!
Hey chris,
Juniper Networks or JNPR........yes..... it held up very well against the recent sell off pressure........ I like it and very glad I'm in..............Thanks to one called..................................
wahz,
Fletch
Chart is the tell......strong now....buy some ;) Gap filled, W bottom..Jr won cool too GO CHEVY!
OK....trim a little on spikes and wait with $....a good plan,
Fletch
My fav today
wahz,
Are you thinking of swing trading some now? Maybe just a couple of times a year. Like sell or trim some near the 2150 area? I should know better, then not to have sold more in that January spike up and with a vengeance......but....who knew......
BTW, I've heard that all historical market gains have been between November-April. That doesn't say much for our mid term outlook, with summer heat approaching.
So it's SELL the 2150 spring peak,
Fletch
PS Real cool the work brings happiness! You are already very very rich wahz :)
Long wedge..............low cost gold silver and copper play.
wahz,
If we only knew ahead of time just what was going to happen.... Remember the thought of erring on the bullish side. After months of rally, a very understandable thought. So far, I'd say you've been real good with your projections. I'd also say it's good to trim some in rallies, especially in spikes up over gaps.
If I could only watch more,
Fletch
Look at the candles on this baby!
Hot hands are bullish
By Mark Hulbert, CBS.MarketWatch.com
Last Update: 12:01 AM ET March 1, 2004
ANNANDALE, Va. (CBS.MW) - I've got some good news, for a change.
From a select group of five top-performing market timers, three currently are fully invested, and two are partially invested. Their average equity exposure is 84 percent.
Before discussing their specific market forecasts, let me review how I selected them.
The first criterion I used takes advantage of the fast-approaching one-year anniversary of the market low that was recorded just prior to the beginning of the Iraqi war. I selected those newsletters that have had a significantly higher equity exposure in the period since then than over the 12 months prior.
In other words, which market timers correctly anticipated that the last 12 months would be a lot more bullish than the previous 12?
The second criterion focused on the stock market's top in March 2000: Of the timers that satisfied my first criterion, how many had a significantly lower exposure over the 12 months following that market top than over the 12 months prior?
Not surprisingly, not very many newsletters satisfied both these criteria. But I didn't stop there.
My third and final criterion was that a timer needed to have beaten the market over the last five years on a risk-adjusted basis.
The five newsletters that satisfied all three criteria are listed alphabetically in the accompanying table, along with their recommended equity exposures as of the end of February.
Newsletter Recommended Equity Exposure at the end of February
All Star Fund Trader 100%
Bob Brinker's Marketimer 100%
Dennis Slothower's On The Money 29%
Investor's Guide to Closed-End Funds 42%
Medical Technology Stock Letter 151%
Here's what each of these timers currently is saying about the stock market.
All Star Fund Trader
Editor Ron Rowland recently turned to the Peter Sellers movie "Being There" to describe his market outlook: "We're still in a bull market, and to paraphrase Peter Sellers... 'we like to watch.'"
And Rowland has been watching since last May, when he moved from the 0 percent position he had maintained for most of the previous year. He moved first to a 50 percent invested position, and in June became fully invested.
To be sure, there are no guarantees that Rowland will remain fully invested during March, or the rest of the year, for that matter. He notes that the major market averages largely remain in a sideways trading pattern, and that "the market has some work to do before it can break out" of that pattern.
On the other side of the coin, however, Rowland thinks it is positive that the market was able to find support in late February, thus ending what to some had looked like the beginning of a much bigger correction.
For now, Rowland remains fully invested.
Bob Brinker's Marketimer
Of the five timers that made my list, Brinker's market-timing calls probably came closest to catching the precise tops and bottoms. His buy signal a year ago came on March 12, just a day after the March 11 close of the Dow Jones Industrials Average ($INDU: news, chart, profile) at 7524, which was its low for 2003.
And his previous sell signal came on Jan. 10, 2000, only slightly more than two months prior to the market's high that occurred in mid-March.
Before proceeding to discuss what Brinker is now saying, I need to say a few words to the several thousand of you who e-mailed me the last time I said something nice about Brinker.
Yes, I know all about Brinker's October 2000 forecast of a bear market rally and his disastrous recommendation to purchase the Nasdaq 100 Trust (QQQ: news, chart, profile), which at that time was trading around $80.
But for the several years that Brinker stood behind this recommendation, he consistently chose not to make this trade a formal part of his model portfolios. Note carefully that this wasn't an after-the-fact decision on his part, but made before he knew whether the trade would be profitable.
Because the Hulbert Financial Digest takes a rigorously empirical approach to performance monitoring, his HFD ratings -- which are based on his model portfolios -- did not suffer from this QQQ trade.
If you disagree with how the HFD dealt with Brinker's advice, simply ignore this section of my column -- and leave my long suffering e-mail inbox alone.
Brinker remains on his March 12, 2003, buy signal. He regards "the risk of a recession this year as essentially zero," because of which "corporate earnings prospects remain excellent."
Brinker acknowledges, however, that bullish sentiment among investors is very high right now. He therefore suggests "that subscribers... avoid chasing stock market rallies when adding new monies to equity positions... We believe the best strategy for those seeking to add to equity holdings is to take a dollar-cost-average approach."
Dennis Slothower's On The Money
Slothower is least bullish of my group of five timers.
Among the several factors that concern Slothower, one is recent weakness in the Nasdaq Composite index ($COMPQ: news, chart, profile). "When the Nasdaq trails [the rest of the market] or leads downward, the trend is normally bearish and portends a down market."
Slothower is also concerned that sentiment is too bullish: "Now that everyone in the marketplace has been willing to take on risk, it is evident that risk is high and it is time to wait on the sidelines."
Lest you believe that Slothower has turned into a perma-bear, he stresses that the correction he thinks the market is in right now "will establish a base of promising returns for the remainder of the year."
Investors Guide to Closed-End Funds
Editor Thomas Herzfeld gave the rationale in the January issue of his newsletter for why he is not fully invested: "After a strong year..., we are a little nervous going forward. Concerns of a terrorist threat overhang the market. Frankly, we are challenged about whether to position our accounts for a major disaster, which of course, we hope will never occur. But if it were to happen, we would no doubt want to have ready cash to buy into a sell off."
Medical Technology Stock Letter
The appearance of this newsletter in my gang of five might surprise you, since editor John McCamant focuses primarily on the biotech and medical technology sectors.
But it also is true that you would have beaten the market over the past five years by buying and selling an S&P 500 index fund using the recommended equity exposures in his model portfolios of medical technology stocks.
And, just as already mentioned in the case of Brinker's newsletter, the Hulbert Financial Digest takes a rigorously empirical approach to determining which newsletters satisfy various performance criteria.
McCamant is bullish. He views recent market weakness "as part of a healthy correction. We are reassured by some of the earnings that have been reported, which have easily exceeded estimates, and the continued signs of strong economic growth... The results for the first quarter will be helped by comparisons with a weak first quarter last year. The combination of monetary and fiscal stimulus gives the economy a powerful tailwind. With this positive environment, it continues to be a time to add to attractive stocks on their periodic dips."
New feature: Hulbert Interactive
A brand new CBS MarketWatch feature lets you research stocks and mutual funds using the same in-depth data we use: The Hulbert Financial Digest database. After 20 years of compiling this data, we're excited to now be able to share it with you. Hulbert Interactive
Editor's note: The most recent edition of the Hulbert Financial Digest is now available by e-mail or regular mail. Highlights this month include:
* Too many people jumping on the same stock? Maybe they know something you don't.
* Most- and least-popular stocks and funds
* Profiles of Value Line Investment Survey, The Chartist, Investment Quality Trends, and MPT Review
For more information or to subscribe to the Hulbert Financial Digest, click here.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.
Hot hands are bullish
By Mark Hulbert, CBS.MarketWatch.com
Last Update: 12:01 AM ET March 1, 2004
ANNANDALE, Va. (CBS.MW) - I've got some good news, for a change.
From a select group of five top-performing market timers, three currently are fully invested, and two are partially invested. Their average equity exposure is 84 percent.
Before discussing their specific market forecasts, let me review how I selected them.
The first criterion I used takes advantage of the fast-approaching one-year anniversary of the market low that was recorded just prior to the beginning of the Iraqi war. I selected those newsletters that have had a significantly higher equity exposure in the period since then than over the 12 months prior.
In other words, which market timers correctly anticipated that the last 12 months would be a lot more bullish than the previous 12?
The second criterion focused on the stock market's top in March 2000: Of the timers that satisfied my first criterion, how many had a significantly lower exposure over the 12 months following that market top than over the 12 months prior?
Not surprisingly, not very many newsletters satisfied both these criteria. But I didn't stop there.
My third and final criterion was that a timer needed to have beaten the market over the last five years on a risk-adjusted basis.
The five newsletters that satisfied all three criteria are listed alphabetically in the accompanying table, along with their recommended equity exposures as of the end of February.
Newsletter Recommended Equity Exposure at the end of February
All Star Fund Trader 100%
Bob Brinker's Marketimer 100%
Dennis Slothower's On The Money 29%
Investor's Guide to Closed-End Funds 42%
Medical Technology Stock Letter 151%
Here's what each of these timers currently is saying about the stock market.
All Star Fund Trader
Editor Ron Rowland recently turned to the Peter Sellers movie "Being There" to describe his market outlook: "We're still in a bull market, and to paraphrase Peter Sellers... 'we like to watch.'"
And Rowland has been watching since last May, when he moved from the 0 percent position he had maintained for most of the previous year. He moved first to a 50 percent invested position, and in June became fully invested.
To be sure, there are no guarantees that Rowland will remain fully invested during March, or the rest of the year, for that matter. He notes that the major market averages largely remain in a sideways trading pattern, and that "the market has some work to do before it can break out" of that pattern.
On the other side of the coin, however, Rowland thinks it is positive that the market was able to find support in late February, thus ending what to some had looked like the beginning of a much bigger correction.
For now, Rowland remains fully invested.
Bob Brinker's Marketimer
Of the five timers that made my list, Brinker's market-timing calls probably came closest to catching the precise tops and bottoms. His buy signal a year ago came on March 12, just a day after the March 11 close of the Dow Jones Industrials Average ($INDU: news, chart, profile) at 7524, which was its low for 2003.
And his previous sell signal came on Jan. 10, 2000, only slightly more than two months prior to the market's high that occurred in mid-March.
Before proceeding to discuss what Brinker is now saying, I need to say a few words to the several thousand of you who e-mailed me the last time I said something nice about Brinker.
Yes, I know all about Brinker's October 2000 forecast of a bear market rally and his disastrous recommendation to purchase the Nasdaq 100 Trust (QQQ: news, chart, profile), which at that time was trading around $80.
But for the several years that Brinker stood behind this recommendation, he consistently chose not to make this trade a formal part of his model portfolios. Note carefully that this wasn't an after-the-fact decision on his part, but made before he knew whether the trade would be profitable.
Because the Hulbert Financial Digest takes a rigorously empirical approach to performance monitoring, his HFD ratings -- which are based on his model portfolios -- did not suffer from this QQQ trade.
If you disagree with how the HFD dealt with Brinker's advice, simply ignore this section of my column -- and leave my long suffering e-mail inbox alone.
Brinker remains on his March 12, 2003, buy signal. He regards "the risk of a recession this year as essentially zero," because of which "corporate earnings prospects remain excellent."
Brinker acknowledges, however, that bullish sentiment among investors is very high right now. He therefore suggests "that subscribers... avoid chasing stock market rallies when adding new monies to equity positions... We believe the best strategy for those seeking to add to equity holdings is to take a dollar-cost-average approach."
Dennis Slothower's On The Money
Slothower is least bullish of my group of five timers.
Among the several factors that concern Slothower, one is recent weakness in the Nasdaq Composite index ($COMPQ: news, chart, profile). "When the Nasdaq trails [the rest of the market] or leads downward, the trend is normally bearish and portends a down market."
Slothower is also concerned that sentiment is too bullish: "Now that everyone in the marketplace has been willing to take on risk, it is evident that risk is high and it is time to wait on the sidelines."
Lest you believe that Slothower has turned into a perma-bear, he stresses that the correction he thinks the market is in right now "will establish a base of promising returns for the remainder of the year."
Investors Guide to Closed-End Funds
Editor Thomas Herzfeld gave the rationale in the January issue of his newsletter for why he is not fully invested: "After a strong year..., we are a little nervous going forward. Concerns of a terrorist threat overhang the market. Frankly, we are challenged about whether to position our accounts for a major disaster, which of course, we hope will never occur. But if it were to happen, we would no doubt want to have ready cash to buy into a sell off."
Medical Technology Stock Letter
The appearance of this newsletter in my gang of five might surprise you, since editor John McCamant focuses primarily on the biotech and medical technology sectors.
But it also is true that you would have beaten the market over the past five years by buying and selling an S&P 500 index fund using the recommended equity exposures in his model portfolios of medical technology stocks.
And, just as already mentioned in the case of Brinker's newsletter, the Hulbert Financial Digest takes a rigorously empirical approach to determining which newsletters satisfy various performance criteria.
McCamant is bullish. He views recent market weakness "as part of a healthy correction. We are reassured by some of the earnings that have been reported, which have easily exceeded estimates, and the continued signs of strong economic growth... The results for the first quarter will be helped by comparisons with a weak first quarter last year. The combination of monetary and fiscal stimulus gives the economy a powerful tailwind. With this positive environment, it continues to be a time to add to attractive stocks on their periodic dips."
New feature: Hulbert Interactive
A brand new CBS MarketWatch feature lets you research stocks and mutual funds using the same in-depth data we use: The Hulbert Financial Digest database. After 20 years of compiling this data, we're excited to now be able to share it with you. Hulbert Interactive
Editor's note: The most recent edition of the Hulbert Financial Digest is now available by e-mail or regular mail. Highlights this month include:
* Too many people jumping on the same stock? Maybe they know something you don't.
* Most- and least-popular stocks and funds
* Profiles of Value Line Investment Survey, The Chartist, Investment Quality Trends, and MPT Review
For more information or to subscribe to the Hulbert Financial Digest, click here.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.
Some think we are still in a bull.....Hot hands are bullish
http://cbs.marketwatch.com/news/story.asp?guid={845D4009-9B10-4B80-9B38-B47F0163EFA3}&siteid=mkt....
Lots of bearish news to "flush" out the weak,
Fletch
Brinker still invested........I don't want to see the 200 day anytime soon....LOTS of Selling ng..
The BDH still strong.....and with new highs in Japan.....I do have a little SNE...cause I like their TV's.....lol
Fletch
<<<<finally bought jnpr, 3000 shares at 24.89 at 6:38 am. detail given because it might be a trade>>>>
wahz has been telling us how he isn't a very good trader and he goes and posts this buy! If trading isn't his strength and picks are.......we in tooooooooooo goooooood of shape lol.
Nice entry wahz,
Fletch :)
Very cool and pre market too yet......
Chart says double bottom possible? Lots have W's...or double bottomed charts now....Bullish!
PS I PM'd da cheif....snort...so please join me gang...get him posting here...he's cool too.....
This chart says..............I will fly.......
A few value plays that are OK......I own them, so watch out!
Fletch,
Futures UP tonite <VVBG>....GO BULLS! ... I love the wahz wolfpack but have a few value picks to broaden the horizon a little......:>)
This one.....they bought the news...but gap should fill.........
MAXF is a long term hold and it pays divi now............
Hope you can see the cup with handle in this one.......low P/E breakout
A gasser....for those inclined to toot a bit.....like me lol.....
<<<some of those places are very safe bets imho>>> Small Caps....OK?
Disclosure......I hold all of these Funds,
Fletch :)
wahz,
Strange for techs now.....they are selling the good news on CIEN.
Fletch
Talk about chop........nother higher gap to fill <BG> ....
News selling......not fun for me.......Go finster
Hey dieselfuel,
On upper left side of chart and from just under 10.
Fletch
CAUSE he's a JERK......of a......DIRECTOR.
Fletch
Or we are the Jerks.....ng...
......TA says it fills the gap down.....so....Is Network Engines going out of business????
Maybe he wants to buy some ITXC, SONS, MRVC, FNSR and JNPR.....LOL
I'm heavy into NENG. In one account it's 8.16% and in another 5.34%. Not my biggest holding but probably #3 overall and I was planning on holding most longer term. I'm sorry if I sounded like I was getting on anyone.....Bale??....buddy. I think we are all very cool and market savvy here.
The late nite wine is very good!
best wishes,
Go you F'n NENG,
Fletch
I was up today well over 1%...so NENG weak....OK by me.....Some of my value plays and others doing well.....AHH doing fine, LEXR too...SCMR, UTSI, CBK, CYD, BKHM......