Replies to post #2269 on Zeev's Turnips Patch-No Politics (ZEEV)

[wstera2]

13:56 ET Investors throw winners into the fire; a good sign? : Much of the destruction occurring today is taking place in the market's leadership stocks. As tech was breaking down, groups such as Healthcare, Retail, Defense, and Homebuilding were consistently breaking out to new highs. One example is Johnson & Johnson (JNJ). After breaking out to a new 52-wk high just over 3 months ago, stock has given back its entire Sept-Mar gain, today trading at a new 52-wk low. Biggest downside standouts on the session are Drug Distributors: ABC -10.6%, MCK -5.5%, CAH -4.4%; Retail: CHBS -8.1%, AZO -4.8%, S -5.4%; HMOs: HUM -5.8%, WLP -4.4%, TGH -2.7%; Truckers: KNGT -8.4%, HTLD -6.3%, ROAD -5%; Homebuilders: HOV -5.7%, TOL -4.1%, LEN -4.1%. Could this be the capitulation that Mr. Biggs is referring to.

[Tech Investor]

I bought with margins yesterday and I sold this rally today
to raise cash to 50%.

[Jim Calladine]

You mutts who expect every single "turnips" call accurate right
down to the single digit and timed right to the minute continue to amaze me.

I know part of this was your attempt at humor, but have you ever heard the phrase:

DON'T LOOK A GIFT-HORSE IN THE MOUTH!

Because that is what you are doing.

Namaste!

Jim