Replies to post #299322 on Zeev's Turnips Patch-No Politics (ZEEV)

[bfenton]

Zeev,
Been out for two days.
I still have HANS.. ugh
Can you give a quick short and longer term outlook.
Stop loss in at 22.

[otraque]

Zeev i here called a run to 1439/1440, a pullback and attempt to hit 1450 following pullback.
http://www.investorshub.com/boards/read_msg.asp?message_id=4008957
My call it will rally to hit 1450 after pull back from 1439/1440 i will remove and if NDX does not to close above opening gap down price( i also do not see this rally for such a close happening today---it would require a close of 1425 or higher).Max

[lemming]

Zeev,

The dark side of shorts and puts.

You have previously mentioned various times that you did not play shorts. Refresh my memory: was this because you had not had satisfactory results with shorting in the past?

Of course, I suppose there is a big difference between hedging with puts/shorts and "playing" them. Since this is what you are doing, perhaps you have not gone over to the dark side after all.

I haven't gotten any distribution exit signals (nor should I, for a short-term pull-back). However, based upon your indication of a top soon and the 9/14 and 9/16 advances on shrinking volume, I began exiting more risky positions last Thursday.

Thanks for all your insight!

-David