this summarises zeev's thoughts
To:9yankee who wrote (85248)
From: Zeev Hed Tuesday, Jun 25, 2002 4:28 PM
View Replies (4) | Respond to of 85672
I would say that we are now within the window of the bottom (June 26th to July 2nd), and while I have not seen the white in the MM's eyes, I am not sure I am going to see that elusive vision, thus, opening here short positions, for more than just a day trade, is extremely dangerous, I have actually slowly increased exposure to the 30% level (70% cash) and will probably increase further tomorrow and Friday. If you are looking for day traders and can take the risk, I would expect ELX, QLGC, BRCM and BRCD to bounce a little in AH and if we indeed are destined to breach 1400 tomorrow, then these could pay, but as I said, it is very dangerous, and the Fed's are in PPT mode (or should be), they can easily throw a curve ball to the dark siders...
Zeev |
