Ralph Acampora
Ralph Acampora
along bumps
I think there are going to be a lot of bumps along the way,
flirting good move number profits took
I think that you are going to be flirting with that number back and forth. I think good traders, on the excitement, probably took some profits and I think that we will vacillate and move a lot higher.
earnings hand price
Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.
additional attempt backing bottom cannot currently early filling market meaningful necessary price rule setbacks stage taking time
At this very early stage of an attempt to put in important lows, we cannot rule out additional setbacks and volatility. Normally, time and price stabilization are necessary for the market to put in a meaningful bottom - the backing and filling that is currently taking place is part of this process.
blue couple days everybody feeding few happened hear itself last market narrow please rotation small stocks talking technology within
I hear everybody talking about how narrow the market is, but please look at what has happened in the last couple of days and you'll see there is rotation within the blue chips. You're getting technology and even getting a few of the small mid-cap stocks participating. It's feeding itself and I think it bodes very well for the long term.
blue buying changed chips correction creates opinion russell talk
I have not changed my opinion on blue chips this correction creates a buying opportunity. (But) if you talk about other averages, like the Russell 2000, they look terrible.
context correction definition short term
Again, my definition of correction here is short term and this correction is in the context of a long-term bullishness,
concerned corporate five fund good higher late might mutual next start ten term
If you're a trader, I'd be concerned because you might be too late on some stocks, but if you're an investor, start to participate. And if you can't do it yourself, get a good mutual fund and have a long term view. This country, the stocks, corporate America, are going to go a lot higher over the next five to ten years.
estimates ibm pick research technology
In technology, I think I would go with the big ones. I'd go with IBM ( IBM : Research , Estimates ). That would be my first pick in the technology area.
fight
I don't want to fight the Fed. But where are they?
terms
In terms of the Dow, that's around 7,400-7,500,
buy july raised target
I raised my target for the Dow to just over 12,000 in July and I still think that's doable, ... This is a very different animal. Buy the dips.
advice forecast market powerful raised reason
I raised my forecast to at least 10,000. And the reason is -- the market is so powerful internally It's very impressive. My advice is -- get in!.
expect stocks tech
I just want to tell everybody, don't expect tech stocks to go back to the old highs.