Friday was one of the few
truly bad days in
the last five weeks, but it
didn't keep the GTI
from finishing the week in
the black (but just
barely), for its fifth win
in a row.
The best performing GTI
stocks over these
five weeks have been AMD (up
49%), KEYW
(up 46%), MVIS (up 35%),
PWER (up 35%),
LNOP (up 32%), and SYNA (up
29%).
The under performers have
been BWNG
(down 22%), ZRAN (down 12%),
MCDTA
(down 10%), QCOM (down 6%),
and JDSU
(down 5%). But QCOM need not
apologize.
It is up 49% year to date.
On Wednesday, the GTI
crossed over into
the black for the year, but
it didn't last. We'll
try again next week.
It's natural to have a break
after so many
good sessions, of course,
but other than
that I see no reason why we
can't keep
going up for quite a while.
Bear in mind,
though, that I'm an
inveterate optimist and
no more able to predict the
market than
anyone else. If I could, do
you think I'd be
doing this? Hell, no, I'd be
in my villa in the
south of France. Well, not
France, they're
weasels. Come to think of
it, there's
nowhere I'd rather be than
right here.
In any event, let us pause
for thanksgiving.
We have much for which to be
thankful.
Returns for Week Ended
November 19
Gilder
Technology Index (GTI):
+ 0.3%
Nasdaq
Composite Index (NSD): -
0.7%
S&P 500 Index (S&P): - 1.2%
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