Replies to post #8673 on Zeev's Turnips Patch-No Politics (ZEEV)

[kevinb]

Zeev,

When you have a minute could you kindly explain your reason yesterday for expecting that we wouldn't go below 1240. Is that level a fib number or a MA or is there some other logic that pegged that asa support level.


TIA


Kevin

[JLSegal]

That's over 200% - 250%. I assume when you refer to 'strong' rally, you mean 'better' scenario of 1750+ ?
What is your target if we do get a rally (which I'm getting more skeptical of, mainly to comments from TSM), but only to your first scenario of the 1525/50 area?
Also, do you think most of the up move (in ZRAN) would be caused by short covering?
In other words, how much of the up move would hold, and provide a higher support? My thinking ...... possibly buying some for trading, with the possibility fo keeping some for longer term ..... maybe write some covered calls.

[JLSegal]

Zeev, are you holding any of your BPRX through earnings, next week? - or, selling it on anticipation/after market? Seems good earnings don't help ... can't believe how many co's have sold off after a good report & improving forward outlook ...... I mean 'good co's' w/ solid fundamentals, no debt, lots of cash, earnings well into the black, p/e near single digits w/ double digit growth, etc. Very disconcerting.