3SOF

I think RGMI is ready to move now.

OFI - good price to buy

Quote from: buddjas1 on March 01, 2007, 11:33:22 AM
David, I have a feeling that the market is going to end positive today and maybe even erase the 4% or so decline by the end of the week.  In fact, SP just went green as I write this.  At what point would you have to change your mind and become a bull again?

Today's hammer candle could indeed mark the first day of an "attempted" rally.  However, to get a convincing follow through, IBD then suggests that you will then need to see a 2% up day after a rally day on heavier volume than the day before, starting on the 4th day after the rally (or if the 3 days before is each up about 1%). 

Personally, I dont see it happening, I mean, what will be the catalyst?  Earnings season is over, oil is going up, geopolitical instability remains, the yen carry trade hasnt yet fully unwinded, etc.  So erasing the 4% decline by end of week (ie tomorrow) is a bet that I would put my whole portfolio against if I could.

amkr on fire today , right at resistance at 12
just broke 12
maxi

I believe all these little rallies are false.  They are closing open gaps from Tuesday and will more than likely fall    No hurry to jump back in on the long side of these tech stocks

Quote from: kslifka on March 01, 2007, 01:14:49 PM
I believe all these little rallies are false.  They are closing open gaps from Tuesday and will more than likely fall    No hurry to jump back in on the long side of these tech stocks

I think your right. Weak hands that are short are covering but I bet tomorrows open is down again. China has to tighten up there markets with either currency, equites, trade policies, copy right laws etc. etc....something has to happen and i think things might get ugly

I wonder why GT is still going up? Is it going to hit a target or fill a gap and then sell off hard?

Quote from: prodigykid6 on March 01, 2007, 01:20:07 PM

Quote from: kslifka on March 01, 2007, 01:14:49 PM
I believe all these little rallies are false.  They are closing open gaps from Tuesday and will more than likely fall    No hurry to jump back in on the long side of these tech stocks

I think your right. Weak hands that are short are covering but I bet tomorrows open is down again. China has to tighten up there markets with either currency, equites, trade policies, copy right laws etc. etc....something has to happen and i think things might get ugly

When  this market drop is over with...we'll all buy these fundamentally sound stocks and make lots of money . 

Quote from: kslifka on March 01, 2007, 01:26:10 PM

Quote from: prodigykid6 on March 01, 2007, 01:20:07 PM

Quote from: kslifka on March 01, 2007, 01:14:49 PM
I believe all these little rallies are false.  They are closing open gaps from Tuesday and will more than likely fall    No hurry to jump back in on the long side of these tech stocks

I think your right. Weak hands that are short are covering but I bet tomorrows open is down again. China has to tighten up there markets with either currency, equites, trade policies, copy right laws etc. etc....something has to happen and i think things might get ugly

When  this market drop is over with...we'll all buy these fundamentally sound stocks and make lots of money . 

I think this rally has further leg. it can run for a couple of days. For the big picture, this is only a correction. I don't think it is the start of a bear market. China is doing fine, their market is overheated, so what? I don't want to be disrepectful, but the mention of copyright laws is a joke. what is that to do with market drop?

Market turned green, tough to be a bear today considering the V bottom rally 

instead of worring about the market, can we have 1 long stock in the fire portofolio? I like ADBL, lucky I got it at 9.30 this am. doubled up at 10.20.

I am also keep buying ACY, think about this, if it runs to 20, the forward PE might be only 10!

This is not about china this is about the U.S. the potential for a slowing economy. The negative housing market and collapse of the subprime market.

I am fully down with the correction theory. however, the subprime and carry trade story is already played enough. by now everybody knows it already. we might have 5% more downside, but the economy is fine as of now.

Just a thought but it was rumored Greenspans comments on the "R" word triggered the China sell off. Hilary Clintons words that are being repeated on CNBC should hit China hard again if thats the case. Is there a overall China pure play such as a ETF that we can short?

If China has another down day I think margin calls will send them in a tail spin

 Chinese auto sales jump 28th February 2007
Int 2006 FC Thumb.jpg (6.0k)

Read more about the platinum group metals markets in Johnson Matthey's bi-annual reviews click here.

It has been suggested that there will be a substantial increase in the sale of vehicles in China this year.

Statistics quoted to Bloomberg by an analyst from Beijing Antaike Information Development have indicated that demand in the Chinese market is set to flourish in 2007, as the country's economy has made car ownership more affordable for many people.

Over the past ten years, the Chinese economy has grown by nine per cent per year and during 2006 sales at automakers such as General Motors (GM) and Volkswagon increased by around 25 per cent compared to the previous year.

Vehicle sales in China surpassed Japan for the first time during 2006 and it is anticipated that such growth will continue, with the China Association of Automobile Manufacturers expecting sales to rise by 18 per cent across the vehicle sector during 2007.

Commenting on the growth, Beijing Antaike Information Development analyst, Jin Xiangyun, told Bloomberg: "The market share of diesel vehicles will grow rapidly as more rigid standards for emissions are in place or are to be implemented worldwide on environmental concerns."

Quote from: makingmoney on March 01, 2007, 02:12:17 PM
I am fully down with the correction theory. however, the subprime and carry trade story is already played enough. by now everybody knows it already. we might have 5% more downside, but the economy is fine as of now.

I am also not worried about the subprime story per se, but it appears the yen carry trade issue has been underestimated and will continue to be an issue.