Testing

June 26, 2011

Test

This

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>The market often has no memory…

May 6, 2011

>…we’ll see what Monday brings. But holding lots of Cash. Have a good weekend, get some R & R!

>Huge intraday reversal is very bearish:

May 6, 2011

>I snugged my stop, now  60% Cash in taxable account. Trying to preserve capital for when the real rally comes.

>Thank God for ARUN and AVGO…

May 6, 2011

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>This is why I held back so much cash. Capital preservation is job 1.

May 6, 2011

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>Selloff on Greece rumor that may withdraw from EU…

May 6, 2011

>..just shows how knee jerk this market is. 30% Cash.

>From a pro trader: on the $$…

May 6, 2011

>”…We held the early lows, and the buyers are now gaining a little more confidence as they work us back up. It has been a fairly tight trading range so far, but the bears’ inability to fade the initial gap up is helping the mood. This is always a challenging place to put new capital to work. We have what look like a bunch of oversold bounces, and the entry points are not ideal, especially with volume weak in most issues. However, the fear of being left behind is a very potent force that will draw in folks the longer we can hold up. What has been the most challenging aspect of this market for a very long time is that it is generally very costly to wait for ideal entry points. Chasing strength has worked better than at any time I can remember…”

>NTAP looks like AVGO buying

May 6, 2011

>Check this chart!!:

>CAT

May 6, 2011

>..no problem buying stalwarts like this today…target 140… If we fall this falls less, plus we got stosp going for us. I still wilh hold back 30% cash, even though today feels good. SPX 1344 is support, if we go below watchout. If we stay above 1350…it may force buying at close.

>What’s working? AVGO

May 6, 2011

>Everything that was down hard. Added some of these: ALB WLK GPOR JDSU EQIX RAX AVGO APKT CLF CF TWI TITN WAB GDI…and more…like I said, the usual suspects with good earnings..plus a bit of BHI HAL..Notice JDSU INTC were up yesterday, down today…tjhey’ll be back is my bet..stalkign INTC..also nobbled EMC adn some others in IRA…TKR CAT WMB. The AVGO chart is below. Bowl shape= it goes higher: