Since I am a huge fan of George Carlin, find him very smart, cynical, funny and on and on... that is why I often use his phrases without any logical reason to do so.
We are in a bull market, but here comes the time when pessimists are raising eyebrows and getting ready to say: "We told you so..." Is bull run about to end? Not likely, not yet, not now... BUT market, the main purpose of which is to take our money away by using the most deceitful tactic possible, is starting to send mixed signals - starting to fly without any obvious reason ( like yesterday at about 1PM ) or fall like a rock after FOMC minutes and comes right back - bad news is a good news.
"Irrational exuberance?" Even if it is so it took 4 years since old Chairman said it.
( Was he the first who said it? I don't think so ).
So we'll stay our course (mostly long), but will stay in check and keep some spare cash on accounts.
These are long candidates ( best to worst, hmm.. or if it will not work out I will later say - worst to best )
First group of long are breakout play - that is - if they WILL breakout on good volume - get in!
AIRM HYTM OVEN SYGR VSTH ZZ SGEN
Next are "just good longs" - better price would not do much damage:
ASIA ASTSF AXTI BRLI FLDR HGSI (unusual for me long - float is big ) JSDA NTZ VICL
I'LL WAIT AND SEE HOW MARKET WILL REACT ON CPI NUMBERS
Wednesday, November 15, 2006
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