Three times DCLK tried to rally to 150, three
times it was thwarted. Today is was up only
fractionally. Why? The bloody stock (and market to boot) is
NSDQ is up seven straight days. We have already hit
Joe Battipaglia's year end target of 3100. How can
people not expect a pull back?? Too many sheep.
He was telling everyone to
buy it last summer at $5 and $6 and higher. He
"guaranteed" there would be a buyout in the double digits
announced in a matter of days. Later revised to a matter of
As it turns out, four months later PAGE
agrees to a merger that will pay its shareholders less
than $1 per share. Anyone listening to towerworker
last July lost over 80% of their investment if they
stayed in until now. And he never recanted or changed
his advice. He just fled from the board.
you say he was right about PAGE? How so?
There is no easier short than when a bloated,
overbought stock rides the market coattails for the last few
days of a seven-day rally. This stock makes NO MONEY!!
Though DCLK should have about one-tenth its current
valuation, DCLK will probably stay artifically propped up
through January by the buying frenzy of i-nets. The more
overbought the stock, the sweeter the short DCLK will become
in late January.
we're not selling QCOM, at least not before the
split...maybe a little afterwards, we'll see...its hard to
argue with their success. We're holding the DCLK, too,
at least through the end of the year...then we'll
believe anything is set in stone yet regaring
PFE. What would be good for shareholders? I believe a
takeover of Warner by PFE is better than the less-valued
merger between Warner and AHP. PFE is going to court re:
the $2 billion break-up fee if Warner and AHP don't
go through. If they can prevail, I wouldn't be
surprised to see it go hostile.
I would not try to call any top for QCOM. It is
in blue sky territiry. I understand about small
caps. I have two that have had great runs. LTXX and CY
(both semis). It is very thrilling. But this is the
woman who sold AAPL at $15.00 and ADPT at $22.00, so I
know what it's like to take some massive losses too.
When to sell???
That is the big question. WIth QCOM
splitting 4:1, will you take some off the table. And what
about DCLK? Personally, I think that this is the
quarter to hold, but the runnup has been really straight
up, so I do think it can pull back some. The problem
with this sector is it can also soar right to its old
highs!!!! What to do...
stock and have been following it for a couple of
months now...haven't invested yet...I thought that the
pull back in their stock after they announced their
hostile takeover depressed their offer...while I think it
is a better fit that AHP, people I talk with are
betting on Warner-Lambert winning out...they may be all
wet, but that's what they think...