4 replies to this topic

[ed rader]

to continue tanking. while many of the pundits are looking for a cycle bottom i'm being told that conditions are deteriorating. so we are nearer to a top than a bottom....tho more upside is still possible. you'll recall (maybe) that ONNN semi was recommended around xmas (and earlier too). i've owned a large core position of ONNN at an average in the mid $3s. they've been sold recently. all my LT tech holdings have been converted to cash except VIRL, which i will be adding to in the near future for a long term position. i will also continue to trade gold and silver. fwiw, CYA, dyodd and good luck ! ed rader

Edited by ed rader, 13 May 2007 - 07:02 PM.

[da_cheif]

sox looks ready to move up to the 600 level

[ed rader]

sox looks ready to move up to the 600 level

that sure is possible. we're looking for companies that will appreciate in price no matter what the sox does...companies with better risk/reward.

these guys aren't market timers and they've been in the business for many, many years.

ed rader

[PorkLoin]

Ed, very nice going with ONNN. And thanks for mentioning VIRL -- interesting chart though may be scary if 7 doesn't hold....? Best, Doug

[ed rader]

Ed, very nice going with ONNN. And thanks for mentioning VIRL -- interesting chart though may be scary if 7 doesn't hold....?

Best,

Doug

hi Doug -- i've recommended Virl based on fundamentals. there's a common link to onnn....and if you go back a few years to xico (which defied gravity in the nasdaq's darkest days).

so i'm not sure about the charts...just the direction the company is being taken .

ed rader