Zeev's Turnips - No Politics Message Board

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

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To: U.B. Green who wrote (47782)	4/5/2002 5:57:56 PM
From: Zeev Hed	Read Replies (1) of 99280

I looked at the chart, and everything started to break loose around 3:00 PM, no idea what precipitated that, maybe a single large sell order, or possibly the realization that the valuation on that one is quite rich, particularly when many in the sector are breaking down. I would look at the opening Monday for a clue, but look for an exit, since on "valuation" metrics, it is still very rich, that one was a "making new highs" selection with good prospects of growth of 30% or more. It seems these prospects may not be sufficient if the sector's valuations are going to be ratcheted down. Soon, even NSTK will again be in buying range ($13?) despite a major buying stock last week at $20. Zeev

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