So we got our .50 point cut...started the expected naz sell off....sndk actually held it's own rather well at the close......any opinions on what the market does, as well as sndk in general. I have low ball offer to buy at $20......am impressed how it held $30, but still time to breach that level....or not <ggg>......The fed did the expected, which was .50, but what I like the most was their tone...their tone suggested they will be as aggressive as necesssary to jump start this economy...another cut in march is pretty much a given, and they are figuring a 50/50 chance of a mid term .25 cut in february if data indicates economy isn't improving. So short term....who know's....but in a long term, rate dropping environment, I would think buying on the dips is the way to go.......so, anybody wish to venture a guess on low for naz, time frame...low for sndk and time frame.....zeev gave his the other day ( zeev...feel free to alter if you wish )........anybody else?
I say rangebound.....2500 - 3000, bottom and top until Nov. Possible break of 2500 if panic sets in, but I would hope with all the big money sitting on the sidelines and an agressive fed at work, that hopefully they don't let it drop below 2500....BWTFDIK... |
