Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

"mlsoft, the play will be to short tomorrow's ramp and cover on new lows Friday or Monday. From there we should ramp into the Fed and for Max Pain, and probably dump into expiration. There is doubt in my mind whether tomorrow's high can be exceeded next week."
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ajtj.....

I can't rule out that scenario at all, but I will wait to see what it looks like tomorrow. The CSCO CC was slightly better than I expected, with slight downside guidance - at least on the surface of things. I still give little credence to what CSCO claims, and consider their books suspect, at best, as far as accurately representing the business, although they are probably nominally legal. I see no reason for the AH ramp job, and suspect the PPT or "da boyz" may be lending a hand there.

Another reason to be out by Tuesday is that AMAT reports after the close. I expect a miss in revenues and a warning, perhaps more than just a little one since things are not going well in equipment land. I want to be short going into that one.

mlsoft