Hi Tim, no, I am don't think it is ripe yet for an LTB&H ( I know very few that are, look at XRX and Polaroid), but it was again bouncing against $11 (sure it broke it on the last big drop, but it was not a very long breach, I know since I used it to make a little money). I agree with you that by next March, we may very well see $7 ($4 I am not sure, but i is not impossible). But between here and March, we have a seasonal strength kicking in, and this one can easily go to $13.5 (not much congestion here, yet), that is better than a 20% gain, worth the gamble, IMHO.
By the way, I dumped INTC at $31-5/8 for a $1 loss, it should have bounced much stronger toward the end there, it did not, so my assumption that we have set a bottom must have been faulty.
Zeev |
