Replies to post #291213 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Current core issues...

COO has been taken out from the core after the last acquisition, still a good company, but the book is becoming "wobbly". Too much good will, and in a recession, a disaster waiting to happen. TBL, TTC and TLM are still in the core, only TBL and TLM are currently in buying range (under $58 and in the $21/$22.5 area respectively). PII is a core issue, but it, like COO just hit a new all time high today, taken off and waiting for a retrench to the $47/49 area to reenter. MAXF is buyable here under $9 for the long term. CAH and IGT have been taken out. IGT, waiting for a base in the $20/$25 area to recommit. CAH, no decision yet if and when to get it back in the core, too many issues currently unresolved. MRK we have an OB in the $39/$41 area, and JNJ in the $50 or so area. POOL still a core issue, but new positions only on retrench to the $40/$42 area. CMN a new issue just made a new all time high and waiting for retrench under $24.5 to consider reentry.

Consider that I expect a major market retrench starting some time in the next two weeks, so be patient with new entries.