Replies to post #38194 on Zeev's Turnips Patch-No Politics (ZEEV)

[Dances-W-waves]

Sell high, buy low!

:o)

Ramblin

[yankee]

Paula, do it with a stock you respect.

Yankee

[Zeev Hed]

If you decided on such a momentous event, hy delay to tomorrow?

Zeev

[JMKel]

I suspect that this market will not see a substantial correction until after the election on Nov 9.

The action we are seeing today may be an attempt to buy into the rally cheap. The increase in volume in QQQ seems to be pointing to a base building for a subsequent run to higher levels. There have been lots of downgrades which can be interpreted as an attempt by the big boys to get in a little cheaper. These downgrades are negatively disproportionate to the number of companies meeting and exceeding earnings.

Reports on the mutual funds and short market indicate that the hedge funds are reducing their short positions at the same time the mutual funds are moving away from bonds into equities.
This story does not jive with an imminent correction.

Also, reports indicate that we are returning to a buy the dips psychology.

We will see.

FWIW

[jdaasoc]

You will have second "date" when you have to buy to close. It will not be a one night stand unless stock goes to zero. Then only your accountant will know.

[Smart_Money]

IMHO perfect time to short.

[leon]

paula, just a couple of quick points. make sure the stock you chose has enough liquidity so you can get in and out without being killed by the spread (especially important given the uptick rule). secondly, position size and honor your stops. good luck.