DrStool Posted October 22, 2004 Report Share Posted October 22, 2004 CORRECTION: I had a brainfart in last night's Third Rail analysis. instead of "they need to close below 1105 to keep the channel intact" , I had written "above 1105". Hope you caught that. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 22, 2004 Report Share Posted October 22, 2004 fuel for the KLAC fire:DJ CIBC Ups KLA-Tencor To Sector Outperformer Another great call by Wndy Link to comment Share on other sites More sharing options...
fxfox Posted October 22, 2004 Report Share Posted October 22, 2004 btw, my forex mentor shot himself in his left knee with a Walter P22. Hes a big Yankees fan. Did fly extra to NY from England a few days ago to catch "the athmosphere". Link to comment Share on other sites More sharing options...
wndysrf Posted October 22, 2004 Report Share Posted October 22, 2004 Another buying opportunity in China stocks. My favorites: SNP, SHI, PTR, ACH, HNP Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 22, 2004 Report Share Posted October 22, 2004 fuel for the KLAC fire:DJ CIBC Ups KLA-Tencor To Sector Outperformer Another great call by Wndy Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 22, 2004 Report Share Posted October 22, 2004 I see they brought MSFT all the way back to unchaged at 900am Now off only .20 Kwave is right Will probably set the tone for both markets Link to comment Share on other sites More sharing options...
wndysrf Posted October 22, 2004 Report Share Posted October 22, 2004 For the short sellers: AMZN Link to comment Share on other sites More sharing options...
Guest libertas Posted October 22, 2004 Report Share Posted October 22, 2004 So why didn't I buy GOOG at $100? High oil prices, impending crash, terrorist concerns... or how about valuation? Should've known this would happen with it's cult following. Missed the ride up so I'll have to catch the one down. Question is... where's the top? Who says that you have to trade Google? You dont have to, there are 1000 other things you can trade, you dont have to trade Google. Look at last nights M2M and read what Doc wrote about Google. He is absolutely right. This thing isnt about valuations, this is about cult. The stock market doesnt work mainly with valuation models. If it would LTCM would have never failed. The stock market has a life on its own. At times people think a PE of 10 is too much, at other times PE cant be high enough and people even dont care about PE's of 100, 200 and more. P/Es are pretty meaningless because they are an attempt to measure the investment value of a speculative trade. Investments pay out cash in hand - dividends - anything else, where you are hoping for a capital gain, is a speculation. Not that there is anything wrong with speculation, but it is important to remember what you are doing and that you need that greater fool. Once you eliminate investment merit from the equation, earnings really don't mean very much because they are pretty much accounting magic rather than anything useful. I understand that Google, for example, wouldn't have any earnings this quarter if it had been required to use the proposed FASB expense for stock options. People have become so accustomed to a speculative market that they have forgotten about investing. Link to comment Share on other sites More sharing options...
wndysrf Posted October 22, 2004 Report Share Posted October 22, 2004 GILD Link to comment Share on other sites More sharing options...
wndysrf Posted October 22, 2004 Report Share Posted October 22, 2004 Surprise blowup in ERICY Link to comment Share on other sites More sharing options...
wndysrf Posted October 22, 2004 Report Share Posted October 22, 2004 I never heard of this one, but it got roundtripped all the way back down to $9 Link to comment Share on other sites More sharing options...
Bearman Posted October 22, 2004 Report Share Posted October 22, 2004 goog? I do not give a dam! this is how the market makers suck the herd in. get the other player to take their guard down. hype on top of hype It sure worked here bait/switch ect............. Link to comment Share on other sites More sharing options...
BeerMarket Posted October 22, 2004 Report Share Posted October 22, 2004 bogus ah gains in ALTR and XLNX gone Link to comment Share on other sites More sharing options...
Bearman Posted October 22, 2004 Report Share Posted October 22, 2004 still waiting to add sp's shorts @ 50 ma may not get there lol Link to comment Share on other sites More sharing options...
Drano Posted October 22, 2004 Report Share Posted October 22, 2004 Anotherone has set up an astrology thread: http://www.capitalstool.com/forums/index.p...=0entry370598 Link to comment Share on other sites More sharing options...
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