Yes, I am looking at RMBS, the fact that it traded above $80 is significant, but I still have problems with the market in general, so I think we can get some further retest of the $73/74 area, a breach of $72 will be bad, a close above $80 bullish.
As for VLNC, I just took my chips off the table again in the last hour at $32, that is $5.5 in not long a time, I think that we will retest the $28/29 area and ultimately, later this year, if the liquidity keeps flowing into the market, we may see much higher prices.
I took a lousy loss of $2.5 on my CCRD (sold at $37.5 earlier this week) and am wondering if it is a good point to reenter. I'll abstain. I am still waiting for CYMI to get back into my buying range (hopefully under $55). ANCR and ONT are still in.
As for AMZN, I do not know what the street is looking at, but its current valuation is $28 Billions, and it is just nothing more than a retailer. If you are in shorting mood, the rally this morning to $82 could probably be used with a sl of about $87, it might be a fast loss, but it could easily retreat to $60 and this time breach it all the way to $40 or so. I am not playing this one.
Zeev |
