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


To: Softechie who wrote (93626)7/11/2002 2:26:40 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
I am sticking to those individual stocks that set 52 W lows last month, last week, this week and now today.

Until medium term market trend changes from going down I am standing pat. No intraday momo is getting me to budge from being short. Long is about 10% of portfolio assets. Abouh 20% short, balance bonds. I got about 10% free purchasing power to deploy either way before having to conside closing any positions.

Only stock not going my way in a profitable posiiton is NVDA. It should be single digit puppy but willing to close out at 15 now 19 but it's erratic sob. I will close out if it daily close is above 20 but somehow I think day traders will take good sum of money off table this afternoon.