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Replies to #34793 on The Black Box
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Dick Weigel

07/28/08 6:44 AM

#34795 RE: wahz #34793

Thanks for your update as well. I had forgotten about HLIT, definitely in the positive, watch carefully category. Earnings/economy is preventing my increasing my position in the majority of these, so I'm just waiting.

I feel much the same about USO: intermediate term it could go either way. I've traded stocks since the '70's and know that the market can always fool you. USO looks like a massive bubble but then the techs in early 2000 looked that way as well but many kept on going up and up beyond my expectation.

What bothers me about CSCO, CIEN and JNPR is that they broke down past their March lows whereas HLIT, AAPL, etc. didn't. The former will use up a lot of firepower just getting back to where the latter are now, relatively speaking. Doesn't mean that they can't, as JNPR seems intent to do, just that it's not easy.

With respect to GE, WFC and others in the financial arena I like Garnick's idea of the S&P value etf as an initial buy in this category. Although the potential reward is less, the risk is probably commensurate with it. You've got to look at getting in the area though <bg>








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Cortisone

07/28/08 11:01 AM

#34796 RE: wahz #34793

Wahz.
Thanks for the heads up on QCOM.
Where do you see this one going ? Targets are very different. Going from 55, 65 to 75.

I took a position friday.

Will come up with my list as well.

Filip