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Message: Re: Cup has formed - technicals
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Dec 30, 2010 09:26AM

Considering the valuations tech stocks received in the herd to slaughter phase, 26$ wouldn't be out of the question. Yes I realize there's no way that will happen just like in 2003 there was no way gold was going to $1400.

March 27, 2000 - Nortel $300 billion on negative earnings

Today - SGR $1.2 billion, on increasing revenue, positive cash flow and a "50 year mine life"

If G becomes Nortel pre March 2000 and SGR is miniG, there is without a doubt an increase in the sp coming just based on the amount of new money coming into the sector. There is no end in sight to the reflation scheme and the herd has yet to hitch itself to the only reasonable benefactor.

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