Zeev's Turnips - No Politics Message Board

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

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To: kozmo99 who wrote (40175)	3/12/2002 2:11:00 PM
From: Zeev Hed	Read Replies (1) of 99280

Technically, a double bottom at the $2.50 (2.46) not violated despite the bad news, volume is going to be twice normal apparently, and the bad news is out. I doubt it goes much above $4.6 (the bottom of the last gap), but if the spring rally I expect is strong, it could. Even $4.5 is a 50% gain, while the risk is just some $.5 or so. Since I still expect a powerful spring rally, it made sense to start and deploy some of these laggards. I would have preferred getting at the $2.60/75 area this morning, but was not there to observe if the low would hold. Did take first blood out of INVN, finally, here at $48 and change. A buck and change. Zeev

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