Zeev's Turnips - No Politics Message Board

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

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To: orkrious who wrote (19866)	1/8/2002 5:50:12 PM
From: ajtj99	Read Replies (1) of 99280

Ork, I think one of the safest shorts right now is the SOXX at 590-600 (SMH at 47-48). If it breaches 600, the upside is about 620-625, so the risk-reward is well weighted in the short reward side, IMO. The ones you've got are probably going to move in line with the SOXX, maybe with a bit more volatility. Good luck. A drop into expiration from here is just too logical. A drop to 2024-2025 and big bounce above 2065 could trigger enough short covering to get us over 2100, IMO. After that, the buying could be exhausted, and we'd could drop nicely into expiration, BWDIK. Today seemed to play out as anticipated. There is a big move coming soon, but which way it breaks is still to be seen.

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