Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: waverider who wrote (2848)	11/3/2001 10:36:00 AM
From: orkrious	Read Replies (1) of 99280

I reshorted KLAC again today just below 45 bucks. A stop loss around 45.50 makes sense to me at this point for Monday. What's your take? I think you are likely to get stopped out Monday am. When after hours closed, there was a 4200 share bid on REDI at 45.5. The only thing I know is if I bail I'm going to get out at the high. I suspect I will end up getting out, but I am going to watch and see how strong they are Monday. I will probably give all three stocks at least another point or two. If I bail on one I will bail on them all. It was interesting that KLAC and AMAT really had enough selling throughout the afternoon Friday that they couldn't really break through their morning highs. NVLS seemed just a little stronger. To me it seemed like distribution. I would probably be more likely to hang on for a few extra points if I hadn't taken such a bath on Thursday. I hope this helps. Jay

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