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More True Grit


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As the joke continues to be told, fewer and fewer people are laughing.

 

Lehman upgrades communications chip makers (AMCC, PMCS, VTSS)

 

Never have seen so much sniping on M to M since Mark got started. Haven?t seen this few Stool participants since Doc got started.

 

Wish I could think up something funny to say. Ummm W, uh Natural Gas. Soft patch. Trickle down.

Sorry.

 

Have fun now yall, tomorrow offers no guaranties.

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Good morning and Stool to all!

 

As moves go parabolic, and bullish voices grow ever more shrill and hysterical, bear in mind that the risks are increasing exponentially. This is a bubble-bust retracement rally. We have a very good history on how long these things last. This one is in its last days, less than ten, maybe less than five. When the last fool has made his bid, suddenly there will be no more. Nothing but air. Longs who overstay will be crushed. There will be no exit. I would not hold long postions in this garbage overnight under any circumstances.

 

We are in the endgame.

 

Consider yourselves forewarned.

 

I'll see some of you in Stooltrading.

 

Many tanks for your support. Those of your who have stuck out that middle finger and hit the $Donate button are the lifesavers of this website. I will be forever indebted to you for your support. I will never forget you who were with me in these times of travail for bears. Though you be few, your spirit of decency, caring and informed critical thought will never die! This thought has kept me going and will continue to keep me going!

 

Many tanks,

 

Doc

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Wish I could think up something funny to say. Ummm W, uh Natural Gas. Soft patch. Trickle down.

I thought that these two back-to-back headlines were funny:

 

China May Float Currency, Snow Says - Wash. Post (6/18/2003 5:16 AM)

 

China says it has no plans to lift curbs on yuan - IHT (6/18/2003 5:29 AM)

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Add this to the mix- should be good for 5%

 

 

REUTERS RESEARCH ALERT-Prudential raises Cisco 2004 profit view [CWCWRKX]

 

NEW YORK, June 18 (Reuters) - Prudential Securities on

Wednesday said it raised its profit estimate for Cisco Systems

Inc. for 2004 to 70 cents a share from 66 cents,

saying the network gear maker is "beginning to regain traction

in the service provider market."

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