20060207 Tom PM

All markets and asset classes are going lower.
There will be no mercy in the golds.

PD 152.53 down 12.66. Caller is short, take off the principal. May see 136 tomorrow.
TXN 30.62 up .08. Wants to go higher. Not a short. Semis had relative strength today.
CSCO 18.09 up .26. Numbers tonight. Consolidation.
BGO 3.97 down .34. Can start looking to buy at 3.12. Put this equity on future buy list.
AL 48.21 down 1.57. Pullback in all metals and commodities. Can see 42. Too late to short.
GLW 24.11 up .10. Relative strength. Rejected lower price. Needs to test 22.81.
IIIN 29.28 up .13. Buy retracement.
QQQQ 40.63 down .18. Volume was not high enough. Too late to short. Support .50 down from here. Want to go to 39 and 38.
Don't short gold unless you are a trader in front of the screen.

UARM IPO, slammed down 8 on numbers. Everyone is in a losing position. Wait to buy need proof of strength.
GRS 16.65 up .90 is a bad tick.
GOOG 367.92 down 17.18. Going down to 300. Even 276 is a normal 50% retracement.
HL 5.09 down .25. Tom owns. Wants to go to 4.37.
NXG 2.14 down .24.
PMU .78 up .01. Looks nice. In buy zone. Wait to buy until gold goes lower.
BCSI 24.37 down .37. Taken apart yesterday gapped down. Had gone up on no volume since gap from 19-24 in June. This stock is toast.
GLG 28.64 down 2.95. Might go down to 25.84.