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PowerShares DWA Technology Momentum ETF Message Board

  • richardeliasen richardeliasen Aug 18, 2005 11:10 AM Flag

    Short Memories

    Hey everyone, remember just a few months back when oil prices pulled back to the low 40s. CanRoys sold off then as well, only to come back better than ever. Now with NG and oil at even higher prices...but selling off a bit we have become a board of scared rabbits. Why would I trade this stock (unit for some purists)when it pays a great divvie every month, is in the right industry for the next 3-5 years if not longer, and winter is coming? The only people that like scared rabbits are the brokers and MM. I'm holding and adding as appropriate.

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    • although I share your sentiment on NG, I feel your rationale is flawed.

      History does not always repeat itself, just ask those who held through the tech bubble. Sure, there were some blip ups along the way down but when a trend is broken or a correction takes place, watch out.

      I don't see oil going gang busters like the recent past but I still feel there is support at today's prices. Can't ignore global demand and supply issues. China and India are for real people. Those saying that these 2 countries' economies are showing signs of cooling off are off their rockers. It's just the American media trying to alay fears of continued outsourcing and the lack of America being able to compete.

    • >I'm holding and adding as appropriate.<

      where do you think you'll add, out of curiosity?

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