Replies to post #225975 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I'll take my losses if it breaches $32 on a closing basis, but I may move earlier if I sense such a close is "imminent". And another $.60 taken from TASR here at $82.20, well on the way to the hpta.

[gtober]

I would hope it does. I'll likely buy a triple or quadruple position in it if it crashes from here. Opportunites like that don't come around often.

I agree with OP. One analyst defends it, and its prob back at 38. Heck, their EPS run rate with no growth is still 0.36X4=1.44. down from 1.52. ya, it sounds like the company is in real trouble. buy qlgc, short elx is prob. an excellent hedge strategy right now.

no position presently.

GT