The Black Box

[James Bondage]

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...