anjing bau Posted May 15, 2003 Report Share Posted May 15, 2003 strong chart....... Link to comment Share on other sites More sharing options...
Quicktrade Posted May 15, 2003 Report Share Posted May 15, 2003 It's over. Looks like Dell isn't going to take the market up but it dosn't look like its going to take it down much either. I sure am getting worn out. Just can't get a good bead on this market. This topping process could take a while. Made a nickle on some QQQ put options this am. I'm still all cash. I don't think much will happen tomorrow probably a very narrow trading range, will have to look to next weeks calander. Quicktrade Link to comment Share on other sites More sharing options...
anjing bau Posted May 15, 2003 Report Share Posted May 15, 2003 vertigo.... Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted May 15, 2003 Report Share Posted May 15, 2003 Attn: Riverboaters Avoid the pain of short selling, where your problem becomes BIGGER, not smaller if you make a mistake. Get long gold or oil servce stocks. Too much selling, too much fear about another "top" in place. Be prepared for HMY, GFI, and DROOY. After a relentless decline, these might be in for a NCEN or CTX style multi-month boner run to new highs. Looks like the same pattern. A head and shoulders decline that got too heavily shorted, now a massive squeeze will ensue. Won't get any argument from me. Capital gains and Divies... . I like your assessment Mark, these stocks all move according to their charts, and not "always" necessarily to the HUI tune. It pays(profit) to watch the individual charts. Combined with Piles Bong plays, and I'm feeling a-ok... The CoinGuy Link to comment Share on other sites More sharing options...
rog Posted May 15, 2003 Report Share Posted May 15, 2003 Any update from INTC mid-quarter call? Double Whammy for bulls? During the anal cyst meeting (today) CEO said "cautious about the near-term, optimistic about the long-term." Aren't we all. CC starts at 5:30EST Link to comment Share on other sites More sharing options...
anjing bau Posted May 15, 2003 Report Share Posted May 15, 2003 so if your a drillin... you needs the pipe right? so if you look at the pipe guy he should be a leadin the drillers right? NOT happening caveat emptor.......on the drillers... Link to comment Share on other sites More sharing options...
DrStool Posted May 15, 2003 Report Share Posted May 15, 2003 All kidding aside, I have no doubt that DELL will make a miraculous comebcak overnight, but 33 was the upside cmap on the Stoolwethers chart and it's right there at the top of the long term channel, as are so many of these big crap stocks, so we'll see. Link to comment Share on other sites More sharing options...
DrStool Posted May 15, 2003 Report Share Posted May 15, 2003 Stoolwethers, for those enquiring minds who want to know, are 15 leading big crap stocks whose charts are published 2-3 mornings per week in the Anals in alternation with Suctor Watch, 8 market suctors of particular salient interest to traders. Very important but underused part of the service! Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted May 15, 2003 Report Share Posted May 15, 2003 New filing in the Blanchard VS. JPM/ABX battle. Blanchard files to amend complaint against Barrick JPM, kingpin of Gold Derivatives, who woulda thunk it? TCG Link to comment Share on other sites More sharing options...
Guest Posted May 15, 2003 Report Share Posted May 15, 2003 Riverboaters everywhere. Plumbers and unemployed bank clerks daytrading using black box programs. The greenman pumping us into oblivian. Wall Street and Main Street awash in liquidity and debt. Manufacturing contracting. Currency wars. Major trading partners on the verge of recession if not depression. Personal bankruptcies up. Refi and new homes skyrocketing. State budgets imploding. Insiders yelling GMTFO! Bond yields at 4 decade lows. Media shills promising a new tech boom. PPI falling to record lows. Perfect -- just perfect. Link to comment Share on other sites More sharing options...
Guest Posted May 15, 2003 Report Share Posted May 15, 2003 Just heard it on crapvision -- Dell now beat expectations. The freaking spin is unrelenting. Link to comment Share on other sites More sharing options...
wndysrf Posted May 15, 2003 Author Report Share Posted May 15, 2003 INTC Update: NEW YORK, May 15 (Reuters) - Intel Corp. Chief Executive Craig Barrett on Thursday warned of a "jobless recovery" if corporate buyers in industrial nations do not upgrade computers to battle low-cost competition from emerging economies. Speaking at the Santa Clara, California company's annual strategy briefing for Wall Street investors, Intel sounded a guarded note about any rapid economic recovery, but said its heavy investments positioned it for an explosive take-off in profitability once computer replacement demand picks up. "The thing we are really waiting for is an enterprise commitment to upgrade," Bryant said of hopes corporate computer buyers will be forced to upgrade aging office computers, many of which were last replaced four years ago. Mark's Translation: INTC has overspent on capacity and technology upgrades in anticipation of the "v-shaped recovery" which never came. Now the company is seeing a replacement cycle develop, but unfortunately, hordes of chip clone companies are starting up in China, and corporate IT purchasers are likely to source new product from Beijing, not Santa Clara. Management is now in a panic. They say that if Corporate America doesn't "buy from INTC and DELL", then everyone will be out of a job in the U.S. soon. Such is the Global Economy with its hopes pinned on the U.S. Consumer, who is infatuated with gadgets, but has now lost his job, so the fall of INTC and AMAT is likely to send the World Equity Indexes plunging to new lows soon. Because the Stock Market is the economy. The SOX is the proxy for the stock market. Therefore, everyone's job and future prosperity is now inescapably linked to the fortunes of INTC. Link to comment Share on other sites More sharing options...
rog Posted May 15, 2003 Report Share Posted May 15, 2003 Dell bought 18m shares at average price of $28 in the last quarter. Good thing they didn't buy when the stock was down in the 23-25 range Link to comment Share on other sites More sharing options...
FeedFool Posted May 15, 2003 Report Share Posted May 15, 2003 The closely held Boston-based fund company bought more than 13 million shares of International Business Machines Corp. (NYSE:IBM - News) in the first quarter, bringing its total stake to about 34.4 million shares as of March 31, according to the filing. Fidelity also boosted its stake in General Electric Co. (NYSE:GE - News) by about 35 million shares since Dec. 31, bringing its total stake to about 320.6 million shares at the end of the first quarter, the filing shows. Another large purchase was Johnson & Johnson (NYSE:JNJ - News), the data show. Fidelity bought about 13.1 million shares in the quarter, bringing its total stake to about 101.8 million shares, according to the filing. The company also bought more of biotechnology company Amgen Inc. (NasdaqNM:AMGN - News), purchasing about 14.7 million shares for a total stake of 37.4 million shares as of March 31, the data show. Fidelity reduced its large stake in Dell Computer Corp. (NasdaqNM:DELL - News), selling about 21.6 million shares since Dec. 31. That lowered its stake to about 88.8 million shares. Dell shares rose about 2 percent in the first quarter. Since then, the stock is up about 18 percent. As the stock market has improved this year, mutual funds have been taking in new cash from investors. The inflows give fund managers more cash to channel into the stock market. Click here Link to comment Share on other sites More sharing options...
PileDriver Posted May 15, 2003 Report Share Posted May 15, 2003 Just heard it on crapvision -- Dell now beat expectations. The freaking spin is unrelenting. When the spin game ends and it all ends badly (speakers up) Still waiting for top to be put in and next unrelenting down trend to begin. May, June, July? Who the hell knows but you'll know it when you see it and there will be plenty of time to jump aboard - there always has been since this bear began because the declines always start out slowly, contrary to popular belief, just take a look at any 3 year chart. Gotta get those front-running second-guessing shorts to stop shorting so damn soon! When most everyone stops asking "when is this rally going to end" and start asking "when are we going to get a rally" then I'll consider shorting again. Link to comment Share on other sites More sharing options...
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