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Letter "J" » John Hughes Quotes
«(Pride Petroleum) is not a household name. A lot of energy stocks have had pretty good moves of late, ... up around 15-to-20 percent. Pride is kind of a smaller player in the area, just kind of a stock that has a good technical pattern, a good chart, and is being dragged up by the rest of the group, and with higher energy prices we think that one can do better.»
Author: John Hughes
«There's just a lot of nervousness out there and the trading is reflecting that. We're going to need some sort of resolution in terms of Pakistan and India and some sort of corporate catalyst before things can really turn around, ... In the short term, that doesn't seem to be there.»
Author: John Hughes
«It's the same problems we've been seeing. All the tech news out today (Wednesday) isn't that bad, really, it's just also not good, ... So again, there is just no motivation to buy, no positive catalyst.»
Author: John Hughes
«But given all the negatives, investors should also consider the positive side. The market is discounting the bad news. We know the economy is terrible and corporate profits in trouble. With that kind of a backdrop, that's when we get a snap-back rally. Investors need to be on the look out for it.»
Author: John Hughes
«President Bush's speech relieved some fears that war is imminent, it boosted the overseas markets and gave us a little short-covering rally at the open, but I'm not that impressed. There's nothing behind it,»
Author: John Hughes
«We've got low volume and not a whole lot of new buying interest. You're just not there yet from a technical standpoint. It's going to be choppy for the next few days.»
Author: John Hughes
«I think when you look at the rally last week, the behavior we're seeing from the market today is pretty constructive, ... We're digesting the gains from last week, and if historical trends prove right, we should close the week a little higher. Technically and objectively, the market is doing everything it can.»
Author: John Hughes
«We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.»
Author: John Hughes
«You had a pretty good day yesterday -- there was broadness in the rally and good volume, ... We're taking a day to fill in here. Things still look relatively positive, it's just consolidation or a rest after yesterday's action.»
Author: John Hughes
«I'd focus on Intel, ... If they can say something encouraging or at least, not discouraging, that could help the semiconductor sector sustain and build on the recent gains its seen.»
Author: John Hughes
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