Replies to post #108437 on Zeev's Turnips Patch-No Politics (ZEEV)

[WinLoseOrDraw]

can't comment on his other calls, but i will say this about schaeffer: he's one of the few bears who seems to have an inkling about $vix.

[WinLoseOrDraw]

for those who aren't aware, he's been talking about a sub-6k dow for quite a while.

[westpacific]

Fed has put a floor on the market.(they are not going to let it drop)

Yea right, good luck, the FED is not all mighty. He should say they are praying they can support it!

But he is right, so many of these stocks are way to crowded.

USAI is upwards of 40% short

He is also right that the FED will fight this market tooth and nail! Which is only gonna make things so much worse!

FED has empowered the risk element now. Best bet is to day scalp or walk away till 2004.

[TJ Parker]

re schaeffer:

for such a guru call, don't ya think he's a bit late on this? like where was he when vert and akam and avnx were popping?

my shorts - klic, brks, pmcs - look extremely tired. klic hardly participated at all in this rally; brks had two days of pumping and spent the rest of its time clinging onto 10+ (which, by the way, is not even near a high for it). pmcs was pumped mercilessly, but momentum have given out and lately they've just been holding it steady and ramping at end-of-day when possible. trading today was positively lethargic.)

anyway, there must be somewhere that schaeffer warns you to pick and choose these stocks wisely, make sure the short interest is still there, and make sure there aren't some hidden landmines that you're about to step on: because some of these heavily shorted issues are heavily shorted for a very good reason. (e.g. klic, for reasons that mlsoft has mentioned; pmcs for obvious reasons, together with recent warnings of how the strong canadian dollar will negatively impact earnings).