greenlaw, I do not think we differ on the short term, as a matter of fact I went in yesterday and bought EMLX at $23.5, BRCD at at $29-5/8 (ouch), and QLGC at $30-3/16, and few other as well, so much that I am at 76% equities and 24% cash, and will redeploy additional cash Monday and Tuesday (that is exactly what I did Jan 2nd and 3rd in the morning, the feds caught me at only 15% cash, and you know what BRCD and BRCM did in the following 2 weeks <g>). My point was that just as the January 3rd was a "weak low", and thus got trumped March 1st and further yesterday, the current lows may be exceeded on the next decline. Enjoy the rally while it last (I hope it starts soon) but do not overstay your welcome.
By the way, in that storage area, you did not mention NTAP and it got murdered more than most, any opinion on that one? I was looking at jumping in, but it is so weak right now, it scares me.
Zeev |
