Replies to post #14392 on The Black Box

[James Bondage]

Exactly. I've been on the prowl for "buying and holding", something I haven't done for a couple of years now. I'm completely convinced that the communication sector will outperform the next few years now.

My "canary" stock CIEN traded over 30 million shares a few days ago, and has not tested $4.80 yet. We still may see some early weakness tomorrow, but I think that this down move is finally complete. And if it's not, I still have another 10% of my cash to deploy. I plan on utilizing some margin after the first pullback on what I expect to be a quick ride back to 2150 within 30 trading days.

[James Bondage]

By the way, I have a relative that has worked at Microsoft for over 8 years now. Apparently there is fear amongst her group that the layoff ax is coming (she is a permanent employee, not a contractor). May be attributing to MSFT's weakness lately, indicating that it may not just be the "market" or the European discussion's Balmer was just in that CNN touted today. I work right across the street from Microsoft in Redmond, WA, so I keep my ears to the walls as much as possible. A warning by them may be coming? Who knows? If so, that may help your final swoon scenario..