Steve, first reporting on catching knives exercise, I got SNDK at what I consider a "great bargain", $73, will I think so tomorrow? I do not know, also got RMBS at $219. For the time being, I have an order in for VECO at $58, has not hit yet. My reasoning is that with the NAZ tick going to huge extreme, the panic selling is not going to be tomorrow or Thursday, it is today. And with fresh money coming in and "weak sellers" (margins) out of the game, the slate might be open for a test of at least 4200 on the NAZ. Am looking at other bargains as well, including ANCR and few others.
Zeev
In edit, I also got VLNC at $15 (I did not think it would go lower, but I was wrong...), I am still trying to find out what else I got in the last 45 minutes. I'll report the gory details. |
