Fred, all I can say is, when the FA and TA do not jive, believe the TA. If thins are so good at TARO, it should ot have breached the September lows. I still like TARO very much, but I will first wait and see how far it drops and if it relative strength relative to its sector and the market improves. The valuation is still high here. In the meanwhile, I took GTW off the table here at $5.12 for about 10% gain, and will reenter back hopefully closer to $4.60. Longer term, i think that they'll do OK, but we have that revisit of 1793 I expect, so repositioning sounds rational.
Zeev
In editjust redeployed the Q, nice discounts became available, and i is just after 3:00 PM, ripe for a short covering rally. Got, BRCD at $26.05, BRCM at $39.38, QLGC at $47.29, EMLX at $37.80 and GNSS at $28.20 (not much of a discount here). Also got INVN at $42.25. Goal about half a buck each before end of day... |
