Replies to post #655 on Zeev's Turnips Patch-No Politics (ZEEV)

[JTS1]

Hi Zeev,

INTU taking a big hit today. Do you see it getting back above 50 on this mini-ramp in the next couple weeks?

Thanks,

Jim

[wstera2]

Reuters Market News
U.S. consumer credit rose $9.5 billion in May

WASHINGTON, July 8 (Reuters) - Consumers accelerated their borrowing in May, with new loans for big ticket items like cars leading the way, the Federal Reserve reported on Monday.

The Fed said total consumer credit oustanding rose by $9.5 billion in May to a seasonally adjusted $1.706 trillion. That followed a revised $8.6 billion increase in borrowing in April, down slightly from the previously reported rise of $8.8 billion.

The May increase in borrowing, the biggest since November, was led by a rise in nonrevolving credit, reflecting closed-end loans for cars, boats, education expenses and vacations. Those types of loans rose by $7.1 billion after a $4.2 billion rise in April.

The growth of revolving credit, which includes credit and charge cards, slowed in May to a gain of $2.4 billion from a $4.4 billion increase in April.

The gain in overall consumer credit growth in May exceeded the expectations of Wall Street economists surveyed by Reuters, who had projected a $5.6 billion increase.

http://biz.yahoo.com/rf/020708/economy_credit_1.html

[Smart_Money]

Beam Me Up Scotty.

[Zeev Hed]

Took one of the OAKT out again here at $4.50 for $.52, reducing the original batch's cost to well under $4.

Will reenter under $4 again if they give it to me.

Zeev

[slopik]

Zeev - Re: ZRAN

Are you holding this one for the anticipated rally, or are you averaging down in an effort to get out from under? I still have a profitable position, but stock seems pretty weak here. Not sure it should be held over night.

TIA.

Pierre

[was Steve]

Jeff/Steve, you got your 1410, but don't rush in yet.


Zeev,
today has/hasn't gone as plan. Initially I had us at 1405 by 1:30. That never happened. After posting that I added an edit. I entered VRTS at 1:26 and scalped off a measley 10 cents. Re entered again and am only looking at 5 cents unless it surges in last few minutes here.

My scenario also had us bouncing into close at 1425. I can guarantee that wont happen.

Steve

If you could use Steve, that would be great. I was posting under my friends name (jeffrey s. lillie) as I couldn't remember my logon and it was easier than contacting SI)