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Friday
Oct222010

...holding it's breath

The market continues to hold it’s breath at ~1180, Euro at 1.405,  letting the latest noise on QE and now G20 control emotions.   The up and down gyrations is just proving many can’t sit comfortably. Unfortunately, the earnings story can’t take shake the markets up as there is nothing substantial to move the tape.  Today, all the good reports sold off from highs as Fed  ‘Bull’’ards ‘100 bln comments rattled the USD and markets did their usual tandem move.   All in all, the market is still showing ‘resiliency’ by finding a bid on any shallow pullbacks.

A little excitement today away from the broad markets was in the speculative space, (which is not the gig here).   We’ll, guess it’s not excitement if your stocks drops 25% in one day as in REE  and BORN’s case.  DJIM’s avoidance is based on not buying first and asking questions later, but the other way around.  BORN, supposedly re-discovered how to make moonshine;), almost the oldest profession in the books /  REE, from Canada where we have always had the biggest speculative west coast market relying on promoting ‘swamp land’ companies/ penny stocks with minerals underneath are of no interest to promote here now or ever been.   (At least, MCP  is real,  if you want the hype of the rare metal trade.) Most of the 'Shadowlisted' stocks last a year or more/ or before they are taken over as has been the case time after time, not a month.  An example is tonight, FTNT  an add here at $18 before it was discovered as a play in the space anywhere, showed something many can't and that is accelerated growth.  It's potential takeout price just zoomed to over $30 on this report.