Thast might be behind the "slight indecision" in the current stock movement. In the meanwhile, hoping for an afternoon rally, I redployed during the lunch hour few position I got out of earlier, specifically, I got back into BRCD at $91.5, BRCM at $120-3/4 and IDPH at $170-3/4, I was expecting deeper retrenchment in these three, but it did not happen. I also reentered the SC's, CDTS at $8-3/8 and SCON at $6-15/16. Still quite "light" at 45% cash after these deployments.
Zeev
In edit, just reestablished additional position in the semis, NVLS at $38.25, VECO at $57-3/8 and VTSS at $54. By the way, YELL just hit a new high today, this one is is a "creeper" it should go up slowly, then have a minor jerk up, consolidate a little and go again. I think it could get to $30/$32 during the next few months, unless crude starts to blow up again. |
