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

To: Zeev Hed who wrote (82474)	6/20/2002 6:04:18 PM
From: SirRealist	Read Replies (2) \| Respond to of 99280

These NASDy stairsteps are so amusing. 1460.71 was the 2nd lowest close last Sept. Today we touched 1461.59 The lowest Sept close was 1423.19, so tomorrow I expect we'll go to 1424... or maybe 1419 to shake out the weaker hands. I still get the sense that we'll trade in the 1420-1495 range till FOMC announces. From Wednesday afternoon through Monday the 1st is when all the action should come. Q: you mentioned an expected dropoff in gold near the end of the month. Dya think funds won't be window dressing with gold? Or is windowdressing impact overrated?

To: Zeev Hed who wrote (82474)	6/20/2002 9:18:54 PM
From: public_heel	Read Replies (1) \| Respond to of 99280

Ze'ev... did you notice that RDRT is being removed from the S&P 600? They announced it this afternoon, but the removal will not be until next Friday. I believe I remember you mentioning it as a possible long position, so I thought you might be interested. On average, removals from the S&P 600 drop about 20% from the announcement to the actual removal, although, given the six-trading-day lag in this case, the overall market climate may have a greater effect. However, the time to go long, if you want to, would be at the point of removal (close of trading on the 28th). These guys have a strong balance sheet, but their last quarter was awful. Did they end up with screwy numbers because of the Scion sale?