Replies to post #556 on Zeev's Turnips Patch-No Politics (ZEEV)

[Nomah]

Thnx Zev, that is good timing (I HOPE) for me, as last week I picked up KEM (chip related, maker of capacitors)near its' lows, they also are providing a guidance CC on Jul 22, I will sell by then,(hate to be in earnings plays/surprises).
Will be nice if I can pop it out right into a CC runup and ride the bounce of the oversold chip for a few more weeks.
I am trading around a core, buying dips and kicking out the extras.

Do you feel chips w higher beta will followthrough w Nas?
The ones I play ae POWI and IDTI ( I believe IDTI is a Q candidate if you go back n check its action out relative to Nas moves).

I am long KEM POWI and IDTI for chips, a little YHOO and looking to add on a dip, low last week was 11.5, would like a little bounce to 14-15
thnx for your reply.
Gordon
(a fellow New Englander)

[augieboo]

Zeev, I should have clarified this earlier, but I just noticed it. The scenario you just described, i.e., the "high probability" scenario is a high before Jul 24th between 1526/55 is your original target for the NazRamp, but I just realized it falls between the first two scenarios I summarized yesterday, i.e.,

Scenario 1: Current Rally Fails at 1526 or Lower
Result: Nassacre II, with a potential low in the range of 1150 to 1195
Probability 45%
************************
Scenario 2: Current Rally Fails Between 1555 and 1595
Result: Re-Test of the 7/3 low with a spike as low as 1296
Probability 35%

Do the Turnips have a read yet on what the result will be if this rally fails between 1526 and 1555?

TIA,

augie