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Thursday, October 18, 2007
Will GOOG lead us to the promised land???
Today i mentioned something about the market that doesn't feel right.
I now do not think that last Thursday's selloff was for just profit
taking. It was on humongous volume. Go check out the QQQQ's on that
day to know what i mean.
Today, I recommended everyone to get out of margin completely. In
fact, i got out most of my long positions. Today's runup of the nasdaq
could be due to anticipation of GOOG announcing blowout earnings. What
we got was a limp reaction.
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YOU HAPPENED TO JUST PASS BY ANOTHER SCHOOL AND YOU SEE SEVERAL
CHEERLEADERS HOLDING FIVE LETTERS. GIVE ME A 'B', SAYS ONE.
GIVE ME An 'A', SAYS THE SECOND.
GIVE ME A 'N', SAYS THE THIRD.
GIVE ME A 'K', SAYS THE FOURTH.
And finally,
GIVE ME An 'S' SAYS THE LAST.
FOR SOME UNKNOWN REASON, AS YOU WALK PASS BY THE SCHOOL YOU CAN'T HELP
BUT FEEL NUMB AS YOU CONTINUE YOUR PATH HOME....
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