Replies to post #41292 on Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

Fantastic - if I can paraphrase " the market stands a good chance of going up but it stands a bigger chance of going down. We're not totally sure especially if there is a big rally"

Oh oh but what about the unk unk ie MSFT judge coming out of the closet to whack the shorts into the next life one late autmun evening.

The sheer power of that A/H session as we get closer to Monday AM the shorts are going to stay very close to their bathrooms. Monday AM is their Nemesis.

While we are on the subject of rallies giving up gains "much quicker than people can imagine" the net worth of shorts are well worth thinking about in a rampant bull. If its sustained it can, and hopefully will wipe many of them out totally and that itself will restore the market.

One can simply not ignore the restorative powers on the economyand on the market of a number of hedge funds going bust with short positions this month and it can happen in less than a month with a big rise.

L

[qwave]

Cryin

"(FWIW, I went nuke short via BEARX and URPIX on Thurs thinking we were done. Luckily, I still have some cash to throw and the cheapest POS tech stock I can find on Monday to hedge my shorts. Any fiber or telecom under $5.00 is fair game)"

I started shorting Thursday and into Friday morning with the likes of INTC, TXN, AMAT, NOK, APPL, QQQ. But I also loaded a BIG barge very early in the trading day yesterday for a long on SONS (SONUS). Turned out to be a blessing because yesterday was a push. I was considering other shorts but held off waiting for the MS ruling. Glad I did. A couple other longs to look at would be UMC, CHPC, ARMHY, TERN, VTSS. Check out how CHPC traded on Friday.