Well, Tim, I am mostly in cash as well. I did get back into QLTI at a discount, but that one will go if we breach $65. I also got back into ELON after being absent since $50. I told "uncle" at the time on the ELON thread that I would wait until under $33 since I figure ENEL will want the best price for their 3 MM shares, their buying is on an average closing during a period up to closing, but no less than $30, so guess what, the market obliges and brings it pretty close to that. $30 should act like a floor so 32-9/216 seems (at the time <g>) "riskless". I still have the CYMI I rebought at $43.125 (sold at $49.25 on the earnings rally, lucky me), $41 is really the support, and I view the mild intraday breach Friday as "emotional". I am waiting now for VECO to get back to the mid to low $50 before I jump in. However, I think that AMAT, LRCX, NVLS and BRKS (I had a very fortuitous mini trip on BRKS Friday, 15% profits on a murderous day, not too bad) are getting close to buying range (they are quite close to their May lows, and if they can hold above these in a further declining market, they may be worth a "run".
I am most "upset" about APH, I had a 40% gain and let half of it fly out of the window (VBG).
Interesting times in the next few weeks.
Zeev |
