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PCTEL, Inc. Message Board

  • gulleyj56 gulleyj56 Apr 11, 2013 2:31 PM Flag

    Dow 15K

    On March 7 I wrote: "It seems that the market 'wants' to get to Dow 15,000, or at least traders have their eyes on that pyschological milestone." Short bets look rational here, but the old saw "the market can stay irrational longer than you can stay solvent" applies. How long can it run on fumes? I did a good thing accumulating a bunch of ACAD in the $2 range last fall, much of it in ROTH accts. An all-too-rare home run for Gulley. Holding for FDA approval - and more important as I see it - eventual off-label use of ACAD's drug. I sure left a LOT of money on the table with my last UGAZ trade though...

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