bp, no, I am not selling yet, unless I see failure of the SOX to go through 428, or big hesitation, or unless RMBS closes under $73. Now I expect a challenge of the $83 area, we may need two more "assault", but ny gut feeling is that this resistance will succumb. Sorry, the grand plan had a buy in the mid to late June period, but right now it seems that it happened about a month and half earlier. The turnips admitted their erring ways on May 5th and I acted accordingly. I really do not see any major weakness right now in RMBS, but, as usual, the turnips reserve the right to be wrong, change their mind and change it often (g).
Zeev |
