Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

George, the Naz is what this thread is about, like it or not. My hands are already"full" as you succinctly pointed out during the week. But from time to time, I also comment on the dow. Thus it is time to review the weekly Dow Hit list.

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. During the week (at the end of trading on 7/23)
when asked which Dow stocks I would suggest for the coming ramp, I suggested six stocks, 3M, XOM,
MSFT, IBM, JNJ and MRK. To check the Turnips accuracy, I will record weekly here the high since that
recommendation as well as the "theoretical purchase price" (the opening price on 7/24) and the "target prices:

AA (- 11) $35, [$22.75], $26.20; Hit
AXP (- 19) $41.50, [$26.92], $35.95;
T (- 4) $14, [$8.20], $10; Hit;
BA (-12) $44, [$37.20], $41;
CAT (- 7) $53, [$39.05], $44.57 Hit;
C (-12) $44 [$24.48], $34.31;Hit
KO (-12) $57, [$43.60], $51.10; Hit
DIS (- 4) $23 [$13.48], $14.65; Hit;
DD (-6) $46, [$36.30], $42.63 ; Hit
EK (-10) $35, [$26.30], $30.43;
XOM (-5) $39, [$29.75], $36.10; Hit REC at $30.90 High $36.88. T-39-41
GE (-7) $31, [$23.02], $32.40;Hit
GM (-15) $67, [$40.50], $44.50;Hit
HPQ (-8) $20,[$10.75], $13.41;Hit
HON (-10) $38, [$30.12], $32.75;
HD (-7) $46, [$26.10], $28.29; Hit;
IBM (-25) $80, [$65.76], $71.83; REC $66 High $74.30. T-76-79
IP (-8) $43, [35.42], $40.63;
INTC (-5) $27, [$15.82], 17.86; Hit;
JNJ (-6) $62, [$41.40], $54.51;Hit; REC $44.16 High $54.98 T-51-53 Hit.
MCD (-4) $30, [$21.75], $22.76;Hit
MRK (-12) $56, [$38.50], $46.00; Hit REC $39.10 High $51.53 T-49-51 Hit
MSFT(-10) $50, [$41.41], $48.12; REC $41.75 High $49.52 T-49-51 Hit
MMM (-16) $126.90, [$108.20], $126.15;Hit REC $111.77 High $127.55 T-135-140
JPM (-10) $35.00, [$18.22], $26.35; Hit
MO (-3) $55, [$40.30], $49.54: Hit;
PG (-10) $93, [$74.08] $91.14; Hit
SBC (-6) $31, [$22.20], $26.96;Hit
UTX (-10) $69, [$58.61], $68.90;Hit
WMT (-10) $54, [$43.72], $49.20;Hit.

Of these have 23 hit, AA, T, CAT, DIS, GM, HD, INTC, JNJ, MO, MRK, KO, DD, XOM, MCD, PG, GE, HPQ, MMM, JPM, SBC, UTX, WMT of 30. This week, three Dow stocks have made new fresh newly lows.

Of the 6 Dow "Buys" from 7/24, three have already hit targets, JNJ, MRK and MSFT, the first two exceeded the high range.

Zeev