PMCGX back in 1998 level
Posted by btr Tue, 22 Feb 2005 03:46:40 GMT
PMCGX has followed the overall market and resumed its ascending. Currently, it's in overbought condition indicated by both RSI and Stochastic. As we can see from prior history, the overbought or oversold condition could stay there for a while. I do plan to close or at least to square some money off the table next week as our 401(k) plan will have a week of black out period when the plan is to be adjusted with a few changes. As we all knew from history such as Enron debacle, black out period could be very risky although the mutual funds are much more diversified in this regard. One company imploding would not make a fund to plummet.
 -- Abbott Laboratories reported early Wednesday that its fourth-quarter profit more than doubled, due largely to hefty charges taken for a slew of items for the 2006 quarter, along with higher 2007 sales.
<a target='new' href='http://www.marketwatch.com/enf/rss.asp?guid={B83D08B2-76CD-4435-8C82-F5C8A7C5B079}&siteid=rss&rss=1'>more</a></p></dd><div class='source'>Source: MarketWatch.com - Top Stories</div></dl>
<dl class='c1 left'><dt>Market drops sharply on recession fears</dt><dd><p>NEW YORK (Reuters) - Stocks slid for a sixth day on Wednesday as disappointing profit forecasts from Apple Inc and Motorola added to recession worries, pushing the Nasdaq across the threshold that signals a bear market.
<a target='new' href='http://feeds.reuters.com/~r/reuters/businessNews/~3/221583685/idUSN2234446120080123'>more</a></p></dd><div class='source'>Source: Reuters: Business News</div></dl>
<dl class='c1 left clear gutter-right'><dt>Fed to the Rescue, Capitulation Day But BE PATIENT</dt><dd><p>Whenever you have extreme moves in the markets, emotions run high. You can see that clearly in a quick run through the blogosphere. When the overseas markets began selling off and our own US futures sold off in tandem, the web was a buzzin. Trash talking ensued from those who have <a target='new' href='http://selfinvestors.com/tradingstocks/weeklyafter-stock-market-review-archives/fed-to-the-rescue-capitulation-day-but-be-patient/'>more</a></p></dd><div class='source'>Source: Trading Stocks - Self Investors</div></dl>
<dl class='c1 left'><dt>Market Artificially Propped Up - No Trades Today</dt><dd><p>It looks like Mike had the right idea today to try a gap fade. I hesitate to do those when the gap is SO large. I gladly sat on my hands today and avoided the temptation to trade. I went through the motions and created my watchlist and watched AAPL for a while. I put [...] <a target='new' href='http://feeds.feedburner.com/~r/stocktickr/~3/221207514/'>more</a></p></dd><div class='source'>Source: stocktickr blog</div></dl>
<dl class='c1 left clear gutter-right'><dt>Buyers venture back into Asian stocks</dt><dd><p>Markets opened strongly, but gains were pared back in several markets at midday before surging even further in selected afternoon sessions. Rumours that the ECB would follow the Fed helped send Hong Kong up over 10 per cent <a target='new' href='http://www.ft.com/cms/s/ae50fb1c-c955-11dc-9807-000077b07658.html'>more</a></p></dd><div class='source'>Source: FT.com - Asia Pacific Equities Market Data</div></dl>
<dl class='c1 left'><dt>Links of Interest</dt><dd><p> <a target='new' href='http://feeds.feedburner.com/~r/BetweenTheHedges/~3/221686479/links-of-interest_23.html'>more</a></p></dd><div class='source'>Source: Between the Hedges</div></dl>
<dl class='c1 left clear gutter-right'><dt>How Lower U.S. Rates Affect Asian Markets</dt><dd><p><img src='http://seekingalpha.com/wp-content/seekingalpha/images/enziovonp.jpg' alt='Enzio von Pfeil' width=)
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