Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Killian, you should have taken your losses at the $52/3 area or at 10% at most, here at $60, it should be quite painful. For the longs, I have suggested $54 as a stop loss, since unless we get a major market retrench, it should not go there. The $32 area is an outrageous bid and assumes a deep retracement to 1400, right now, it does not yet seems likely. I would definitely not make the first mistake worse by shorting more SNDK at $60, if this market does not turn down, SNDK is the master snorter of the SOX and it will bite you hard, you may find it at $75, and I would not be surprised if it actually got there within the next 12 months after the coming retracement.