Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

In edit: In any event, I am too loaded and took off here in the last 20 minutes IDPH at $44.73 for $.73, CCMP at $41.23 for $.27 and the Q, all for losses, some minor some like QLGC sizeable, BRCD at $11.23 (-$.17), BRCM at $13.90(-$.68), QLGC at $31 (-$1.35), ELX at 15.92 (-$.04), MERQ at $22.60(-$.52). Also took off NVLS at $23.45 ($.10) and the IRF from $17 at $17.50 for $.50. Getting back closer to 20% cash.

I don't know what the top is, right now, the "model" still has 1388, but so far, I don't see much "underpinning for that, except in the P/C ratio and few other side indicators, thus I doubt that the 1388 will be reached on the next ramp. I have repeated quite many times that for the next few weeks I simply see us building a base, I used the sentence of "going nowhere and doing it fast", and so far that is what we have. I do not see the July lows breached in the near future.

Zeev