I still have the horns on, while I have raised cash to almost to the 40% level, that is a tactical issue, in keeping with the turnips call for a mild (vbg) top today. The trading range is narrowing down (if we don't take out 1263 as I mentioned now for a hundred times, on a closing basis) and a break above today's high of 1324 could become explosive by next week. Right now, however, I am looking for the Q to heal itself and the AMAT news to be absorbed by the market (so far the market does not like the news, but I think the market is wrong). As a matter of fact, I got some AMAT here in AH at $12.93, the stop is just under the year's low here at $12.50.
Zeev
