Lets talk nasdaq. She was at 5000. It turned out it was becasue everybody and their mother was in on tech stocks and they were way overbought. I'm not saying 5000 is happening soon but I can see 3000 by the end of 2005. That would still be 70% of its high. Economy is getting batter and no one has their cash in the market yet. The stockmarket is turning around based on results from the companies rather than investors falling in love with names.
The market letter I use holds up to 12 stocks at a time. They now own 11.
Hold Apollo Group APOL 66 42
Buy Corning GLW 9 6
Buy eResearch Tech ERES 35 15
Buy Flamel Tech FLML 34 39
Sell Gilead Sciences GILD 56 41
Buy International Game IGT 28 19
Buy JetBlue JBLU 61 50
Hold Kyphon KYPH 19 24
Hold NBTY NTY 23 26
Buy NetEase NTES 56 21
Hold Odyssey Healthcare ODSY 30 20
Buy XM Satellite Radio XMSR 16 5
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