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

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To: TREND1 who wrote (71539)5/25/2002 9:17:56 PM
From: Zeev Hed  Read Replies (3) of 99280
 
Larry, I "participated" in some of the counter moves, but I am still in my April bear suit since we breached 1757 on the way back from the April high. I was extremely fortunate to stay overnight in the Q and other traders just prior to that explosive May 8th rally, I was at a relatively low 30% cash going into it (#reply-17436510) and went as low as 20% early that day (#reply-17439942), but moved back to 60% cash by the end of that crazy day (#reply-17442205). I have not removed my bear suit however just because an unusual profit opportunity presented itself. Had that bear suit now for more than a month (since 4/22 #reply-17365331 when I went from close to no cash to 40% cash and, since then, gradually increased cash position to my current 78% cash).

Zeev
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