Replies to post #49322 on Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

Ze'ev... If you have time, please elaborate on why you think the Market has become "extremely dangerous".

I have no trouble seeing many stocks that have become ridiculously overpriced (AMD, JDSU, VTSS, MKSI, MAR, GNSS, CIEN, ARW, etc), but I'm not sure that they won't stay that way, or even become much more so...

[leon]

zeev, i agree; but then again, i've felt that way for the last 50 pts. or so!(GG)

[dances with stocks]

Zeeve, HD do you think there is any chance this might hit 26 this week. Seems to be inching up a little. I have a small position from 24.90.

thanks for any input!

dances

[Paul A]

Zeev- there still appears to be alot of short juice out there, and until that dries up- it just keeps things chugging along and making it easier for the managers to pain the tape for end of quarter performance..

God- look at EXPE. In the last hour it squeezed from a low of 74, to close just off its HOD.. thats impressive no matter what way you look at it..

[ajtj99]

Zeev, last year we hit the 200 SMA and reversed back down, ending red for that day with a long upper shadow. The same thing could happen. I think this market may not want to go down even below 1450 until that is tagged. However, if it is tagged around COMP 1500, the sell-off should be pretty brisk down to the 1430 level.

[Smitty]

Zeev - I noticed your recent entry into JNJ which was down a bit today. Was curious if you are still holding. I am looking for a re-entry point after having played it on the last DOW gambit. Thanks very much for all the suggestions and hard work - enjoy this board very much.

Craig