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

To: jjstingray who wrote (38236)	3/6/2002 5:07:32 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

There are a lot of stocks that are still cheap, I just got HOOK today, which is selling at less than half book and half yearly sales. Last month it was SKX (it is already a solid 27% higher. SOL here around $11 is selling at less than a forward PE of 10, and the list is quite long. Even CDWC was quite cheap just a week ago, selling at a reasonable 20/25 PE of the next 12 months, and it is growing quite nicely (I believe it printed a "mild" new high today) Zeev

To: jjstingray who wrote (38236)	3/6/2002 5:18:29 PM
From: ajtj99	Read Replies (3) \| Respond to of 99280

jj, if we had turned back at NDX 1519 and dropped below NDX 1498 at the close today, I was planning on waiting for NDX 1454 to buy some calls. I'm not waiting for a spring rally, as we are probably more than halfway through with it already. The only question is where will it end? If you are long from last week, you can afford to wait and see. If you are establishing long positions right now, you need to employ tight stops, and ratchet them up as the price rises to lock in your profits. As for options, I think right now the only safe way to play this market on new positions is to be properly hedged. As for going short, that is the equivalent of catching falling knives right now.