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

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To: farkarooski who wrote (38769)3/7/2002 5:07:10 PM
From: westpacific  Read Replies (2) of 99280
 
SUNW - not touching it. Fully valued and then some and too many 'bottom fishers' out there right now.

Mostly cash here, took profit on longs due to overbought indicators with the McO. Also do not like the fact DOW is further ahead of the 200 MA since 1987. And we all remember what happened in 1987!!!

Holding some longer term shorts in 3 pig plays that will be cut in half from here.

Shorting in a few index sectors that are non tech.

And that is about it for now.

May play the long side again in the middle of next week, waiting to see how it shapes up.
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