That's over 200% - 250%. I assume when you refer to 'strong' rally, you mean 'better' scenario of 1750+ ?
What is your target if we do get a rally (which I'm getting more skeptical of, mainly to comments from TSM), but only to your first scenario of the 1525/50 area?
Also, do you think most of the up move (in ZRAN) would be caused by short covering?
In other words, how much of the up move would hold, and provide a higher support? My thinking ...... possibly buying some for trading, with the possibility fo keeping some for longer term ..... maybe write some covered calls.
