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posted by beanie11111 | 9:01 AM
10 Comments:
ok, i'm feeling a bit tired right now on the West Coast. Stayed up late and woke up very early.
Also, i don't see that much, if any, downside. We will probably close positive.
I am long in tech.
Really like AKAM and DIVX.
Have a great weekend everyone. I'll see ya monday.
Big Boys looks like they're pushing the markets positive. It would be really nice if they close with a positive bang.
bye
hey beanie..do you think VLO is goign to test 47 again? or is it a good buy here at 50.70?
whoo whee, MA still on fire! You don't believe in it? That downgrade was such a fraud, imo.
The June/July bottom is in, imo. We could selloff a little as old highs are tested, but make no mistake about it, the market is headed higher.
I used to not believe in the bull market. Two reasons make me change my mind:
1) Just about everybody thinks a recession is coming. Just about everybody! That is a contrarian indicator!
2) Whether you like Mr. Bush as our President, you have to believe that if he wants something happen he makes it happen. He even won the election against Al Gore even though Al Gore is more popular! Mr. Bush has been saying that the economy is strong and will get even better. Whether true or not, he will make it better, one way or another, is my opinion. There is a reason why he hired the head honcho from Goldman Sachs! And believe you me, that guy knows the stock market! Am i saying that the economy can be made to look good even though it's actually bad? It doesn't matter what i think, what matters is that if Mr. Bush constantly says the economy is strong, you'll have to accept that.
So i am gonna run with the Bulls.
I dont like to buy unprofitable businesses but there was a reason why i liked RVBD.
http://finance.yahoo.com/q/ks?s=rvbd
Quarterly revenue growth over 500%? Is that for real? lol
RVBD is losing alot of money as well. I'd give it next earnings and see if i still like the stock.
beanie..if you look at OIH..it got weak in the middle of the day..but by the end of the day it closed up almost by HOD..what do you think..you think it is headed to 135 before 120-125? i guess VLO would also follow OIH directions in that case..IMO
also,do you think since the window dressing week is over, we are gonna have some steep correction in the mkt for a week or so to shake weak hands out? thanks and have a good weekend.
anonymous,
OIH could still run up a little more but i will restate my warning about not getting too much into oil stocks. The bull run for oils may be already over for now and will probably consolidate or go down for the next few years. I believe that alot of the oil run were very speculative and not based on real supply and demand. I believe they were led by oil speculators like Boone Pickens and the likes of him. With an agressive President like ours, i doubt he will let gas go above $3 per gallon, which would eventually destroy our economy. It's just not gonna happen. Our administration will not let it happen. I am predicting that oil and gas prices will continue to drop and stabilize for the next 2 years at least. The Bush Administration wants (and needs) to shine for the next two years to pave the way for a positive outcome to ensure they get the next Republican president.
In my opinion, the oil plays are essentially over.
The reason i would even invest in VLO is just for diversification purposes, or just in case i'm wrong. VLO isn't my favorite stock. It is my favorite oil stock but not my favorite stock.
I am leaning more toward tech.
On Monday the September ISM will be released. That should give us some direction for the trading for pretty much the entire week. There could also be earnings warnings, if we have them.
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