It sure looks as if the turnip's time table is somewhat compressed. The problem, no excess pessimism yet. Be patient. If we drop much more and the CPI does not come up later this week, we may have another "fed" induced rally sooner than I expected. Right now, wait for some more pessimism. We are still a good 100 naz points from the prior bottom, rapidly getting into the range the turnips promised (2200/2300). If you stayed in cash, you sure must feel good here. I did however, just get into QCOM at $79.125, it reached my target. Also jumped back into RDRT at $$7-15/16, $8 is support, but the breach, in view of the market is minimal, I'll be out if it makes a new daily low. On top of that, the bu$$ got to be yoo apetizing at $42-9/16 and VECO looked ripe for a bounce at $44 flat and got onto these as well.
Zeev
In edit, trying my luck back into EMLX here at $35.125 (triple still) CMRC at $22-3/4, BRCD at $47.5 and BRCM at $69 flat. |
