InvestBaboo

April Phoenix Stock Update

Dear Author:

Thank you for your first Phoenix list. I made full use of the list, ran them through my analysis tools, and selected several stocks to buy. That strategy has turned out to be profitable.

However, after making a very good analysis and bringing to readers attention a bargain list you are now forecasting an end to the rally because it is "OVERBOUGHT" and it is a bear market rally? I think human beings go through periods of optimism and pessimism and what they write during either period reflects their position in the cycle. I see no chart or market metric that supports an end to the rally. Facts please when you make an opinion like this?! What exactly is the market metric you saw that tells you the rally is ending? Have you looked at the daily and weekly charts of various sectors and industries and companies and arrived at this conclusion? Are there momentum indicators you see turning south that are causing you to say this? Lacking any of these I would ascribe your negative conclusion to the peiod of the cyclical human thinking you are on and discount that conclusion. I follow the old adage "The trend is your friend till the bend at the end!" and I happen to see no bend at the present.

Are 'Phoenix' Stocks Getting Ready to Rise?

Thanks, Cam Hui! If the U.S. economy does the turnaround this year as I suspect this list of stocks may have some huge winners!