Jorgensens on Money - Free Discussion Site
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» Kirk - 3/18/01 Market Outlook
Jim feels that we are at bargain basement levels and that we should be bottoming soon.He says QUALITY companies like IBM and Intel (in his Super-8 portfolio) are at bargain basement levels.
Cisco, he feels it is like Intel and IBM "these companies are solid companies that don't do well in a falling market."
"30 yrs on Wallstreet, the time to invest is when nobody wants to invest and that time is now. Come Tuesday when the Fed cuts 75bp, the market will take off."
Hmmm.... sounds like Jim expects 75bp cut.
Jim reporting that the NYSE will open up the specialists windows soon so that it will become as transparent as the NASDAQ for traders to see bid, ask and volumes of each on a web site. He says they worry that traders will stay home when that happens!
I wonder if that will effect the value of a seat on the exchange?
-- posted by Kirk
» Kirk - Super8 as of 3/16/01
Jim's Super8 portfolio is off 19.6% YTD led byEMC -50.5%
MRK -23.7%
PFE -18.8%
GE - 15.4%
JNJ - 12.4%
INTC -7.2%
IBM +5.9%
MSFT +25.8%
One of the problems with a "beauty pagent portfolio" - when the mood sours for your choice of beauty... the portfolio gets hammered.
but....
If I had a bucket of new cash... there are some really good stocks to consider here.
I wonder how many would think their GE could drop 15% in 2.5 months? MOST have no idea of the high valuation in that stock!
-- posted by Kirk
» SteveT - Re: 3/25/01
In response to message posted by Kirk:Kirk
1. You got it but he also added the high volume day was on lower prices. 2. right on the money. 3. he also said the FED has made 3 quick rate cut like it has this year 13 times in history. All but the cuts of late 1929 and early 1930 the market has been up 20-30% a year later.
Later he said he is expecting Monday to be a big up day. Then he said the bottom could be this week. He did sound very upbeat. He also said nobody can call a bottom but it is important to be sure if you have money you want in the market to get it in soon.
-- posted by SteveT
» SteveT - Re: 3/25/01
In response to message posted by Kirk:Rich had some good thoughts.
He talked about the third generation of wireless. It is digital high speed for use with Internet & video. he said hew is expecting a bubble in the sector due to it being over hyped. He thinks it is possible to make money in the equipment and software areas but not in thew airwaves of the sector.
He then talked about cocktail party talk in Sillycone valley. Many think the large techs have bottomed and they are looking to buy the ones that will come back the quickest. No one right answer he said.
Jim thought the tech sector the inventory correction is showing signs ending. PC's are about at the end of the inventory glut. Chip slump is also about over. And most important Mother board sales in Taiwan are up.
-- posted by SteveT
» Kirk - 4/22/01
I heard Jim advise against buying QQQ here at $48.40 as "That is the NASDAQ-100 and I think it is going to be awhile for that to come back."Jim talked about the huge run the market saw with Greenspan's surprise rate cut, especially the NASDAQ, and he said "I think the bears are in trouble."
He advised about being diversified with mid and small caps as well as the S&P500.
His Super-8 portfolio had a great week and is now down 5.3% YTD after being down 15.4% last week! The S&P500 ETF called SPY is down 8.7% YTD.
Easan says he thinks we will have a bit more consolidation then onward and upward. Esian has been really good at staying bearish for much of the last year and switched just weeks ago to a bullish stance.
-- posted by Kirk
» Kirk - 5/13/01 Update
Jim says the rally is on and we are in a new bull market.Jim feels the DOW will be over 13,000 by year end.
Easan Katir, the chart guy, says there may be a few down days left in this consolidation period but he also thinks the bottom is in.
Jorgensen Fan Club Page and links to listen to his show or buy his books: http://www.suite101.com/myhome.cfm/Jorge...
-- posted by Kirk
» Kirk - Travel Tips
Jim is talking about how cheap it is to get a cabin on a cruise ship. He has info on his web site and suggests http://www.icruise.com/He mentioned several cruises he knew of that were $700 including air fair for a week!
He says that they make money by selling you drinks, side trips and other stuff on your credit card they give you. Just eat the free food and enjoy the cruise and you have an inexpensive vacation. He also says they pay the room stewards with tips so you need to include that cost in your trip.
Link to Jim's website and more info here http://www.suite101.com/myhome.cfm/Jorge...
-- posted by Kirk
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