West, one of those laughable "longs" just yielded a little more than 60% today, and the rest did not do too bad either. Talking about 60%, since I am not here al day tomorrow, I have put back a GTC on SCON, this time at$3.05 (I owe it something right?). I also put GTC's on IART at $24.75, IMCL at $55.75, and IDPH at $47.25. Sold all three today at nice profits, so why not getting back in at nice discounts, if these are made available? I'll leave the Q out for tomorrow, it is uniformly very weak here and could get weaker. BRCD is on the verge of printing a new low, if it does, it could join EMLX and JNPR to sun $10 territory. BRCM printed a new low as well. The one I worry about here is CCMP, if it breaches $43, it may have a very rapid fall out.
As for the market in general, I am going out with 20% cash (still a very bullish stance, West), but only because I will not be able to see how the market acts tomorrow, otherwise, I would have probably stayed closer to 10% (and left in the three bio mentioned above, they may all break out tomorrow, leaving me on the sideline (g)).
Zeev |
