Replies to post #131099 on Zeev's Turnips Patch-No Politics (ZEEV)

[michael03332002]

Joe I think they goose her 1 more time probably up to just below 54 and then strand em. The greedy are the last ones to jump on the boat and all they see is a HUGE jump, so this must be a birds nest on the ground, right? <G>

M

[yayaa]

Cash is still King Joe!

[Zeev Hed]

An extremely astute move on Eli Harari part. Sell new stock at 10 times book, that is no dilution, the average BV will increase roughly to $17/share from the current $10 or so per share. SNDK will actually need a lot of cash if they have to invest in .1 micron technology with Toshiba in the next two years, they also must invest more money in Towers, that will give them ample cash to do that and maybe even an acquisition or two. seema I have made a bad bet on both SNDK and QLGC here, they are now red... The fact that QLGC is responding this way to the earnings report could indicate the end of this run, that together with the extremely low P/C ratio yesterday, very dangerous.