Zeev's Turnips Patch-No Politics (ZEEV)

[baletwine]

Regarding CDWC... What a dump AH -- yes -- but not on any volume whatsoever, only around 2,000 shares below 38. This is what the trades were once it hit 38 and kept sliding:

Time--Trade--# of shares

17.34 $ 37.07 800
17.33 $ 37.07 200
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.03 100
17.16 $ 37.07 100
17.16 $ 37.07 100
17.16 $ 37.07 100
17.16 $ 37.05 100
17.16 $ 37.05 100
17.15 $ 37.06 100
17.15 $ 37.06 100
17.15 $ 37.06 100
17.12 $ 37.79 200
17.07 $ 37.79 300
17.02 $ 38.01 300

And.... That's from http://dynamic.nasdaq.com/dynamic/nasdaq100_indicator_after.stm

Take a look at a longer term chart of CDWC, and while it "could" be a good long tomorrow, I wouldn't want to be long during any real Nassacre.



Conversely, it'd be great to pick the bottom, and I don't see why it couldn't go as far as 30. Say the earnings are ratcheted down to $2.00 or so, and the stock is assigned a 15:1 multiple. Bingo, you've got a $30 stock.

Pretty simple, but valuations like that just aren't realistic...

I have no position, but it's on my watch list as a long someday...

-- Bale