In edit, I am going to stay overnight with four traders, BRCD bought here at $17.15, BRCM at $$18.37, Qlgc at $36.14 and NVDA at $20.05, all in AH. Risky, but got to take some minimal risks, that puts me at 46% cash only.
If today's low of 1375 holds over the next week, my first target would be the 1595, still a nice 16% or so, if the developing rally (if we have one, this is all conditional on development during the end of this week and next) start and show good progression, we could go as high as the 1695 to 1710 major resistance. or close to 25%. It is really to early right now, but there is a very good chance that by this time next week, I will finally throw away that stinky bear suit. (g). Those that are short and have not taken shelter yet, it sure would have been wise to have done what suggested yesterday, take a good chunk of the well earned profits off the table. It would have been interesting to get Hal's input here, but Larry went into deep hybernation (g).
Zeev |
