Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

A little while ago (May, 11th -2002), in response to Mish's question on the Dow possible low (I have a
target low for the year of 7500 to 8000), reporting that 8000 was indeed breached. At the time I gave a list (#reply-17455722) of the max expected hits for each Dow stock, I probably should have listed the then current prices, so I am reproducing this list with the then current prices, (the Dow was just around 10,000 then May 11th) as well as the target max hits (in parenthesis), I have now added the low (in square brackets) since then and the current price:

AA (- 11) $35, [$26.40], $27.00;
AXP (- 19) $41.50, [$31.35], $31.65;
T (- 4) $14, [$9.09], $10.44; Hit;
BA (-12) $44, [$37.20], $39.92;
CAT (- 7) $53, [$40.27], $41.41 Hit;
C (-12) $44 [$35.00], $36.00;
KO (-12) $57, [$44.74], $45.09; Hit
DIS (- 4) $23 [$16.37], $16.64; Hit;
DD (-6) $46, [$37.40], $38.30; Hit
EK (-10) $35, [$26.64], $27.80;
XOM (-5) $39, [$31.70] $32.40; Hit
GE (-7) $31, [$25.25], $26.52;
GM (-15) $67, [$42.10], $42.570;Hit
HPQ (-8) $20,[$12.55], $112.80;
HON (-10) $38, [$30.12], $30.21;
HD (-7) $46, [$28], $28.70; Hit;
IBM (-25) $80, [$66.60], $72.00;
IP (-8) $43, [37.65], $37.83;
INTC (-5) $27, [$16.26], 18.65; Hit;
JNJ (-6) $62, [$41.45], $41.85;Hit;
MCD (-4) $30, [$24.10], $24.17;Hit
MRK (-12) $56, [$41.45], $41.50; Hit
MSFT(-10) $50, [$48.00], $49.56;
MMM (-16) $126.90, [$108.88], $108.88;
JPM (-10) $35.00, [$25.85], $26.10;
MO (-3) $55, [$40.30], $41.13: Hit;
PG (-10) $93, [$74.08] $74.46; Hit
SBC (-6) $31, [$26.25], $26.88;
UTX (-10) $69, [$69.90], $61.64;
WMT (-10) $54, [$45.65], $46.50.

Until last week, ten of these have hit, T, CAT, DIS, GM, HD, INTC, JNJ, MO, MRK and PG, and this week four more hit, KO, DD, XOM, MCD bringing the total to 14 out of $30. We are at 8000 despite the fact that 16 have not reached those levels (though some 5 or so are within a buck or two) simply because many have gone much further than in that target list. And we are only at mid year and only nine
weeks from the start.

Zeev