In edit: Also out of SNDK here at $39.13 for $.43, take those profits when offered. Replaced with BRCM at $25.60.
I can't put a time stamp on when we turn, but with the equity P/C ratio well under .4, it is becoming very dangerous for the longs. On the other hand, I would not recommend shorting any of the snorters, if you got to short, go after the safe shorts I suggested here in the last two weeks, and frankly, you would be better off shorting only after the BPCOMPQ trounced its 14 DMA as I have mentioned few times here in the last few days.
My own exposure is only around 50% or so and will probably go to around 55% later in the day, I just sold the third serving of BSTE here at $45.48 for almost a double bucker ($1.97) and am left with only two servings (one from $45.88 and the other from $52.52 ouch...).
Zeev
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