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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: jjstingray who wrote (31318)2/20/2002 12:41:28 PM
From: sylvester80  Respond to of 99280
 
Why should they worry? They've already seen their 401K at these levels no? Stocks are near or above the levels they were in Sep. So if the left over J6Ps did not worry enough to sell in Sep, why should they worry now?



To: jjstingray who wrote (31318)2/20/2002 12:53:22 PM
From: Joseph Beltran  Respond to of 99280
 
jjstingray,

I know a few people whose 401k has been decimated but their thinking is that the damage has been so profound they may as well accept it and leave the balance where it's at....My theory is that some of these folks are in shock and rightfully so. After all, the nas is down from 5000!



To: jjstingray who wrote (31318)2/20/2002 1:00:53 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
as someone mentioned yesterday,the orderly process maybe from the Funds selling off in a disciplined pace(through the day) all the calls from investors to sell.But it is looking like Mutual Funds are outflowing that is for sure.



To: jjstingray who wrote (31318)2/20/2002 1:01:31 PM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
Don't know, but I am back from lunch and I see two OB got filled, QCOM at $34.50 and RDRT at $2.47. I hope I really want them, both new yearly lows...Also got back into NEWP at $20.34 and into CCMP at $55.50. Also got back into ELON at $16.05 a buck discount, and JNPR at $9.50. Also back in MERQ for a buck discount at $33.17. Last, doubled up on DRIV here at $12.33. We are very close to 1720, thus calling for drastic reduction in cash.

Zeev