Monday, May 23, 2005

MOTOROLA

I added more MOT in a family member's account today. The tech stocks are performing well in the face of lower interest rates and lower commodity prices. MOT has, for the first time ever, announced a $4 Billion stock buy back.

The market is technically over-bought on a short-term basis but the wall of worry is being climbed. The senate may end the filibuster tomorrow. About the only mutual funds being purchased by the public is covered call funds that do poorly in bull markets.

THE BULL IS LOOSE; RIDE THE BULL!

0 comments: