Zeev's Turnips - No Politics Message Board

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

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To: yard_man who wrote (85341)	6/25/2002 9:14:29 PM
From: Zeev Hed	Read Replies (3) of 99280

We'll see if $16 holds, right now it is acting still according to "plan", it actually came in worse than I thought, I had plus minus a penny (this morning post before open) and had a target of $16.5 to $17.5, after that, and these results being the "required" impetus for the resumption of "Relentless" (if any impetus was required), we are pretty close, but it would be wise to watch if the $16 area holds or not. If it does not, we could have a rapid $2 additional hair cut before we turn, to the $14/$14.5 area. That is getting to an extremely low premium to book, which is far below historical norms with that stock. Apart of that, MU should not go too low if they want to have a chance to execute "Scenario II" before the next peak in the sector (g). zeev

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