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SG's News Is Noise Post . . .


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. . . is worth repeating yet again, 'cause I too see a number of people overly concerned about real or anticipated news items.

 

Let me again remind y'all...

 

NEWS IS NOISE

 

Its the public mood sentiment at the time of the news that matters...

 

Tomorrow Saturn goes Direct.

 

Yesterday was a turn window which allows a few days on either side.... we were going up into the window... which means the turn goes DOWN

 

Scam week

 

All the BORKER upgrades of chip stocks tells you that BAD news is forthcoming on mid quarter updates... no doubt... they are shorting them.

 

Keep in mind, wall st firms are gunning trading for their own accounts, which now makes up some 60% of their reported profits and or losses... up from average of 30% in the mid to late 90's..... they DO NOT have our interests in mind...

 

Reversal signals are ALL OVER THE PLACE... SG called this weeks action before the week started. ?If anyone was reading my thread anymore, they would have seen it all coming...

 

But... since most bears are shitting in the woods... its an ominous sign for bulls... but not for me...

 

To which I'll add a couple of my own observations, mostly repeats of what I've written before but things that do BAR . . . bear repeating.

 

First, if you are concerned about any aspect of The Game to the point of being bent out of shape over it, then it is imperative that you do something about it before it does something to you.

 

Second, I feel that those of you, like me, who look upon your participation here as an invaluable learning experience, with the $ being made as a byproduct of that learning experience, have a great advantage over those whose primary focus in $ first and learning second. Because the former group is less motivated by greed and more motivated by the quest for knowledge, far fewer mistakes are likely to be made by these people.

 

So I say to those of you who are perhaps a little too focused on the $ aspect, take a deep breath, relax and take full advantage of the learning opportunities here at Stool University - in both the Faber as well as the MIT Division. Your bottom line will definitely improve as a result.

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(Soup)

 

"I guess all the folks who are laid off, ( you know the announcements we read about everyday i.e. mu laying off 10% of workforce) will just continue to support the economy thru consumption?"

 

 

Well, MU lays off 10%, meanwhile Samsung in the same product area scores healthy revenues and profits... The market is flat, good companies build market share during bearish markets...Lousy companies like MU, just keep retrenching, no surprises there.

 

I indicated on this board a couple of months ago, that I was seeing an uptick in my business here (Headhunter for Semiconductor Industry), I also explained that the headhunting business itself is an "over the horizon" radar for the economic future... The industry I support, Merchant semiconductors, is also a leading sector in the economy... that's why I'm not as bearish as I was last year... it boils down to one simple thing... orders. I'm getting lots of new orders, from companies that wouldn't even talk over the last year and a half.

 

One more time folks, Silicon Valley forecasted flat, that's why the market tanked starting 1/13...When Wall St. hears "flat" they translate that into "SELL". Simple, huh? Here's what I expect, in April Silicon Valley will report "flat", and that will translate into "They told us it would be flat, so they didn't mislead us (trust)"... and of course, the crackheads in NYC will run the valuations to insane levels again, based upon their perception that a bottom has been achieved.... Of course, this also fits nicely into the Bradley outlook, as well...

 

That's my 2 cents so ignore it if you like... This is a perception game out here, right now I see glass half full... Not saying the market is not going lower here, I expect it to go lower, but look out this spring for a very vicious and sharp rally, which will be more confirmation of the bear market in equities... By the end of June, I should be very bearish based on the insanity of the prices, running up to astronomical levels, as the newly-trained short seller retail folks continue falling on their swords trying to find a shortable top...

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Seeing the RBOC's melt like this warms the cockles of my heart. I guess the only thing that would feel better is if I held my shorts on them rather than bailing out early - perusual. I have maintained that until these (SBC, VZ, Q, BLS) pigs die there will be no recovery in telecom.

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Just a quickie for Slothrup:

 

Acupuncture was judged safe and effective by the FDA in March 1996. I've been certified for acupuncture in FL for 7 years (took the full course at U of Miami School of Medicine for grins) and I can assure you there is absolutely no doubt whatsoever that it does work. :P

We agree.

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I know acupuncture works. I was treated by a bad practitioner who induced muscle spasms so severe I had to go on muscle relaxants for three days.

 

As I often say when somthing like that occurs, "you should save some of that for when you feel better".

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CLose friend of the family is acupunctruist and herablist. YEars of formal training in Taiwan. She's a saint. Has hleped everyone in my fmaily with pain issues. Anybody need a referral in West Palm, let me know.

 

Off topic, I know.

 

This thread is out of control today. I am going to start deleting long, off-topic posts. I will, however, allow short off topic posts. :lol: :lol: :lol:

 

Mid day update is in your Anals.

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Planet Magenta with guillotine in hand, ready for some damage. Kind of replicates that 6 month cycle we have been expecting to cut this rally of at the neck. Is their even a head to cut off.....stay tuned....to.... as the planet churned.

 

I don't see Machinehead today, I'm going to get his post from last night on Mark's thread. Had me rolling in the aisles. LOL :D

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