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

To: LTK007 who wrote (58641)4/29/2002 3:25:37 PM
From: Softechie  Read Replies (2) | Respond to of 99280
 
What catalysts for traders to go long on this market?



To: LTK007 who wrote (58641)4/29/2002 3:36:07 PM
From: Zeev Hed  Respond to of 99280
 
Another bio-pharma bitting the dust, NSTK just went at $12.35 for $1.21 loss. GIVN and IDPH are the only two "bio-pharma survivors, and IDPH is coming close to the area of "doubling up" (g). Cash is getting a little too high at 64%. (g)

Zeev



To: LTK007 who wrote (58641)4/29/2002 6:58:33 PM
From: orkrious  Respond to of 99280
 
am conservative on shorts at these levels, your 1620 however looks doable, as COMPX is struggling at 1650

what everyone doesn't talk about is although the market has come way down, and many stocks are at 52 week lows, the semiconductor stocks are still grossly overvalued. we could continue down without a meaningful bounce for some time unless we get some real fear.


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