Funny how it stopped at 14.03 again the next day. computer was down yesterday, but put in order at 13.85 , this morning. Looks like I might get this one. Market way overbought !
Fed cut the growth rate again. How many times has this happened in the last 5 years. They raise the outlook, the market goes up, they cut the outlook, the market goes up. Earnings are raised, the stock goes up, earnings are lowered, the stock goes up. Something wrong here. And once again, there is no inflation ! I wonder where they get groceries. Must just go out to eat , but that price has doubled also. The spin is unbelievable, from one end of the gov to the next, and no one called out on it.
Yesterdays action wasn't the best. Hit 15 and sold off on big volume. Wish it would have held its ground a little better. 15 will become a big test going forward. Its been so long since its been there, it comes as no surprise
All semis hitting new highs, and smh is up over 25% in 6 months. Thats a lot for something that moves slowly and contains a lot of companies. Lam has gone wild hitting all time highs, while klac is stagnant. Is business really this good ? Its almost time to short intc again, but its on another run higher. Happens every few months, goes up for 2 months and then down for 2 months, slowly both ways. Semis are the place to be now, but I missed this run. Still holding klic but nothing else in the sector
I read a headline yesterday that said the market was up because after the 1st qrt neg growth, growth going forward looked promising. " The negative growth was caused by a extremely cold winter which was caused by global warming ". Give me a frickin break . This global warming bs by this administration is getting a little old. Kerry even came out this week and said our #1 concern facing the US is climate change. Amazing how this 1 degree change in over 150 years is so dramatic all of a sudden
Way above the 50 and 200, and with klic and the big spikes its tough to read. 13.50 will be pretty much 1/2 retracement on that last surge with that being the last high. Might be a good place to add some more but with summer coming up and the market looking shaky, I don't know
Thanks for the info, always a plus if they can get a head start on products and let others follow. Can you imagine klic actually trading with a forward looking pe, instead of being stuck in the single digits for years
Looks like your spam theory is in full swing ! I've sold about a 3rd , and looking to hold the rest. Just don't know if I can do it or not. Patience is not one of my better qualities. Just not sure if it can stay above 14 for very long
Weekly claims go up to 340k new filings for unemployment, while the monthly jobs added are around 175k, and they say things are improving. That's new claims every week . Not hard to do the math. I can hear the King now, we've added 2 million jobs since I've been in office but he leaves out the part that 50 million have filed for unemployment benefits
I sold some more this morning, a little early it looks like. Maybe this is the spike we all have talked about for years. I too, bought when it was at or below 2, but sold when they hit around 5. Everything I have left now, is in the 11's . Hate to sell anymore but this pop has been a little fast
Wife wants to go out to eat. Still own a ton, but had to pocket a little at .75. Does anyone else have a problem starting a new post or is it my computer. Been having trouble lately
Ibm always tracked the dow but lately when the dow goes down ibm goes up or flat . Since its weighting is so high they have to use it as a smoke screen to no let the averages go down, and today is just another example of trying to squeeze the shorts out. The stock is up 10% in 3 months and earnings an revenues are down. Games of wall street. When a stock is an obvious short, they never go down
The Russell 2k is testing the 200dma, first time in over a year, and the naz is getting close itself. The Russell led the way up and now it looks like it might be leading the way down. Its been overvalued , but what isn't ? Might be telling us something in the tea leaves as May, and the summer approaches. We shall see,
They have ibm making over $4 a qrt for the next 2 qrts while they made 2.50 this last qrt. Their share buyback is ending and I didn't hear anything on their cc about all this growth all of a sudden. Revenue is down for 6 straight qrts. Where is going to come from, some cloud somewhere ?