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


To: The Freep who wrote (91534)7/5/2002 10:48:59 AM
From: Zeev Hed  Respond to of 99280
 
In edit, AMGN just went for $37.60, a very nice $2.44, so did IRF for just a buck (considering it going back to $25 earlier this week, I feel fortunate getting out with a profit <g>). GNSS also went here at $7.55 for $.85 profit. One of the two ZRAN sreving went at $20.23 for $.97 profit. BOBE also went at 29.67 for $1.25 profit. Just went above 22% cash here.

Yes, that is not good and does call for taking some stuff off the table, the danger is when it goes under .40, that would be a real " to the hills" call, but due to short session and light volume, I am just going to increase cash here to the 30% instead of the target of 80%.

Zeev



To: The Freep who wrote (91534)7/5/2002 10:49:25 AM
From: michael97123  Respond to of 99280
 
Freep,
If you look at the first half market performance stats you will see this is a blip--a technical reaction to an extremely oversold condition. Many of the biggest losers doing the best today and i should know. Hope it grows into something more in the second half. mb