Replies to post #42637 on Zeev's Turnips Patch-No Politics (ZEEV)

[Orvis]

Leon,
That may be the case but don't forget CSCO . I doubt Chambers will rain on this parade.

Orvis

[Zeev Hed]

1426, the 8/22 high could be "their" target, a fake breakout and then the dump. I am not too sure they get there, but with CSCO and the spinner spinning a CSCO ale, maybe.

Zeev

[mjk]

This whole situation seems eerily similar to the last time we were at 1425, most everyone was sure it was on to new highs, and Zeev threw on the bear suit and sure enough, we headed down. This time it's a "run for the hills." We'll see in the next couple days.

[brightness]

1. today's $compx high is 1419, whereas Monday's high was 1420.03;
2. I did not see increased pressure on the ask; all I saw today was shorts scrambling to cover every time there was a pull back. Apparently there are still lots of shorts out there.