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Thursday, July 07, 2005

Negitive Sentiment

6am est - Alarm goes off - "There have been explosions around London" said the voice on the radio. I thought I was still dreaming.

7am - Check the quotes and everything is inverted, dow & nasdaq futures down 140 & 22. Mood was somber, but I did not feel uneasy.

Sometime later - jobless claims not good.

4pm - Dow up 31, Nasdaq up 7

When you have a day where there is very bad news, so bad that no one would doubt the direction as to which the market will go, and just the opposite happens. Capitulation. When the sentiment is so negitive that everyone who wanted to sell has sold, there is no place for the market to go but up. That is what we witnessed today.

8 Comments:

At 5:26 AM, Blogger leanordprehiem84422791 said...

='Brand New News Fr0m The Timber Industry!!'=

========Latest Profile==========
Energy & Asset Technology, Inc. (EGTY)
Current Price $0.10
================================

Recognize this undiscovered gem which is poised to jump!!

Please read the following Announcement in its Entierty and
Consider the Possibilities�
Watch this One to Trad,e!

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EGTY trading volume is beginning to surge with landslide Announcement.
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===============
"BREAKING NEWS"
===============

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These newly enhanced Globa| Cedar trees require only 9-12 years of growth
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Other than growing at an astonishing rate, the Global Cedar has a number
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T
he wood is very lightweight and strong, lighter than Poplar and over twice
as strong as Balsa, which makes it great for construction. It also has
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time to replant and develop new root systems.

Based on current resources and agreements, EGTY projects revenues of $140
Million with an approximate profit margin of 40% for each 9-year cycle. With
anticipated growth, EGTY is expected to challenge Deltic Timber Corp. during
its initial 9-year cycle.

Deltic Timber Corp. currently trades at over $38.00 a share with about $153
Million in revenues. As the reputation and demand for the Global Cedar tree
continues to grow around the world EGTY believes additional multi-million
dollar agreements will be forthcoming. The Global Cedar nursery has produced
about 100,000 infant plants and is developing a production growth target of
250,000 infant plants per month.

Energy and Asset Technology is currently in negotiations with land and business
owners in New Zealand, Greece and Malaysia regarding the purchase of their popular
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Conclusion:

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