Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Dow Gambit Update:

DOW GAMBIT (end of year run for the "mini gambit") summary:

Proposed 12/11 (EK's entry corrected on 12/12 to under $37), JNJ replaced INTC on 12/18:XOM and AA failed to make the cut (XOM missed by two pence) and they are out of the gambit. We are riding with just five positions.

At the end of this week, the gambit does not look great, but the intention was to be placed by the end of this week and then take the expected ride into the early January run. Right here they are still pretty close to our buy points except JNJ that has moved a buck up. All we can do is watch those stops. Apart of INTC, the stop where not even close, and

AA enter at $22.40 or less, SL $21.89 target $25.75------ Cancel
XOM enter under $34.50, SL $33.75 target $37.50----- Cancel
IBM enter under $80, SL $76.5 target $93.---- In at $79.82
IP enter under $35.5, SL $33.75 target $39.------ In at $35.50
INTC enter under $18, SL $17.15 target $21.25-------- In at $17.97 stopped out at $17.10 a loss of $.87 (4.84%)
MSFT enter under $53.75, SL $50.90 target $59.75.-------- In at $53.70
EK Enter under $38, SL $35.5 target $41.------- In at $36.80.
JNJ Entered at $53.50. SL $50.95


Zeev