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I was wrong, there goes EBAY...
Dunno about that. Still see this as a good way to shake out many to get Q's to 39ish first...
Only EBAY chart looks like it may have a chance for a small gain, then drop. AAPL and AMD....forgettaboutit.
I respect your opinion, and think we are right on the long side. However, some charts look like they want a REAL BIG SHAKE DOWN for about a month and a half first. Breaking down on the Q's to 38.90 should get many worried and do the trick. I think volatility will be huge this year, so a good year for traders working both sides of a trade. Good luck, but I'm banking my portfolio today and hiding in the bushes for about a month. However, I may have to take a bit of LU into hibernation with me. CYA
Anyone like LU here at this level for an intermediate hold?
Anyone like LU down here for a intermediate hold? Thinking about dabbling a bit..
Many years ago you thought that 2300's, 2800's and 3,100 were a possiblity on the Naz. Your first target has been hit, and between 2300 and 2800 is very thin, meaning it can shoot up quite fast.
I am dismayed about all the bullish behavior out there, and am now reconsidering my position for 2006. The portfolio is already up over 17% in two weeks, so Tuesday I may decide to pull out for 6 months. I think this year can end up being up 10-15% on the indexes, but it may very well be the 20-25% run after dunping here first.
Any thoughts on this strategy. What is keeping you on the long side now that we have reached your first goal?
I really don't like how Cisco all of a sudden is THE STOCK to own for 2006. Consolidations do occur, but I am suspect about "THE BOYS" not shaking it out first to the downside prior to a sustained move up. Something smells around here...
What will lead this projected downturn? The SOX? I'm relooking at some stocks and you may very well be right. The market action on Tuesday will determine it for me. we go bonkers up in the AM, I may start shorting as soon as gains are retraced..
Just out of curiousity, if this blast off is suppose to stick, where was the headfake down to shake out the weak? I am suspect of the lack of volume prior to this ramp up, all 80 week low condiderations aside...
Very well stated, and my feelings exactly...
Wow! Too much bullish enthusiasm. Im short at the close for a few days (not index but specific overextended stocks). I see a pullback in order before our top is in next week.
I see a huge pullback starting Thursday/Friday next week lasting for a few weeks, before we make a nice run until the end of March. All my gut feel though, in the face of the proposed 80 week cycle low (which I think is still coming)
The fact that we didn't sell of this afternoon does not bode well for tomorrow. All of this may be distribution after all....
Protecting PMCS long term hold with a boxed short at $9.05 eom
Im anticipating a reversal after lunch today that will bring us down nicely to buy the pullback. Expect it to last until Monday afternoon..
COTH today?
Well...my portfolio is up 10% in 2 days. Should I just sell and forget about the maarket for the rest of the year? LOL...
;) Exactly.....
We have the perfect setup brewing. Everyone wants to short this pop, not believing that the longs are gonna get paid this year for just holding on. I love it. Added my final stocks today. Good luck all!
I did not sell one share of anything and plan on adding to the dips. The bearish talk Im referring to is what I mentioned on Friday. I'm not trying to fade the good traders on this board, its just the good traders on this board are as bearish as Joe 6 pack poster on other boards. I'm really anticipating a good Q1 2006 for tech stocks. Good luck to you....
Looks like my buys on Friday was timely. All that bearish talk out there...
I do think we see weakness the first few days of 2006, Naz down to 2170 or so, but after that we are on a trip to new highs, possibly 2550 before the end of April. Time will tell.
As for Hurst cycles, the 80-40-20-10-5 week all line up next week. Coming out of 80 week cycles when the trend is up will not be your friend if your short....good luck.
My 2 are AUDC & DIGL
By my count on the popular threads, bear posts outweugh bull posts by 5-1. I like my odds....
No roadmap for 2006 yet?
Well, I went on a buying spree today (no margin, thank you). Since I plan on holding for 15 months, I took today's lows as a "good enough" entry point for myself. If it's our anticipated nest of lows, goodie for me. If not, thats ok by me...
Great job on the list and thanks for putting this fun activity together. Your time and effort managing this is greatly appreciated. Hope the market will rock in 2006 so we all can be winners (except for those occasional bad picks). I have real dough in mine, so let's see it happen!
First adds into the market -
PMCS - $7.75
EMC - $13.66
AUDC - $11.15
Holding at least until March 2007.
In the batters box is:
LU
JNPR
CRM
Hope to get those sometime next week...
That was fun... About 75% in the market now. Yahooo!
Hey Wahz. I've been out for a while, but now I'm back. Our prediction for telecom/voip was a couple yesrs early. 2006 is our year buddy, and it's time for our waiting to pay off.
Just loosened up as much cash as I could for a buying spree next week. My investment style is now changing to buy and hold the @#%^^& on, because it will be one hell of a bull ride the next 16 months. Good luck to you. Let this be our year!
Go AUDC, SONS, PMCS (only because I think CSCO doubles and PMCS sees 4-5X due to its Beta)!
I agree about WMT. Wife has worked there for 13 years as a manager. She got a lot of compant stock that did well 5 years ago and has stayed steady ever since. I think thier next wave of overseas growoth is coming. Looking for $75-$80 by mid 2007...
Is it possible...AVNX more of a POS than NENG?
SONS trading like another 10-12% haircut on the way. Waiting in the bushes to add a position around $3.85. eom
My condolences on SONS Whaz. Looks like it might be a good time to step up with ammunition, but your right, thier starting to look like CIEN management..
I did get a good piece of the short, but switched to long a few days ago, expecting new highs on it. Yhe fact that it is now 8 trading days under the 50dma, and the 200dma gave way to easily, your probably right. All I can hope for now is an oversold bounce to get out on..
Well, everyon is a huge bear again. Time for us to go up big IMHO...
So how screwed am I with this stock. Am I looking a at a triple bottom play here with more pain?
http://stockcharts.com/def/servlet/SC.web?c=audc
I have to disagree with your analysis. Just because price is going down, it doesnt mean thay are selling. There may be shorting done to get in at a better price, and most likely the shorting is done to shake out the weak so that institutions can buy at thier stated price. Reuters is a client of mine, and nothing shocks me in the markets anymore.....;)
Sorry, I meant the composite ($NYA)...
Dow hits new 52 week high today, and NDX a huge laggard. Where's my happy family? ;)