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


To: Jdaasoc who wrote (72920)5/30/2002 5:10:35 PM
From: Zeev Hed  Read Replies (1) | Respond to of 99280
 
The squeeze on AGM has been on all day, I got out, there should be some resistance just under $30, if taken, it could go further to $35, right now, i think that $35 is about it for the short term.

Zeev



To: Jdaasoc who wrote (72920)5/31/2002 11:02:16 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
John, note that the "miracle" I "asked" for AGM on the 29th, did indeed happen, and furthermore, today we even breached $30, quite positive, and thus one may indeed label the last week's action a P/V reversal. Since the market are going to be a little shaky in the next two week (four weeks more likely), reentry into AGM and reconstitution as a core holding will probably be possible. I think that a fast decline to the under $26 could indeed happen, and that should be a very interesting entry for a longer term position, .

Zeev