Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Here is an example of my thinking in late February 2000 #reply-12986501, and then in April 2000 I penned a general call for a bear market to follow a very strong rally late in May (#reply-13483082 ). I rarely go under 10% equity, and that is because some stocks in the core are simply refusing to yield, at that time for instance AGM was on its way from a split adjusted $12 or so to $49 earlier this year, why get out of these kind of stocks? On the other hand, early 2000 was a wild ride and on the Steve Channelling thread we were squeezing very large profits from the like of CDTS, SCON, HAUP, JNPR, BRCD, BRCM, VECO and ANCR, but all these games came to an end. For instance, this post, #reply-13342915, was in response to how low CDTS can go, little did I know, now CDTS just broke the buck (and few keep asking me even very recently, probably with fond memory of the "good old days", is it time to get back in CDTS and SCON <g). During that period, I don't think I got under 30% cash, and actually I remember quite a painful period between May 18, 2000 and roughly the 24th of May, a week were the turnips were too early (they kept calling for the major April/May decline to end May 18 and I and few others on the thread had to sweat it for a week, not much different than the recent premature call here in July). But in the end, we had a nice almost 50% rally allowing all of us to "smell like roses by the middle of July (vbg). If you peruse around the Steve thread in the February July 2000 period, you'll see the height of "exhilaration" and "depth of despair" well represented (VBG).

Zeev

Zeev