Replies to post #51738 on Zeev's Turnips Patch-No Politics (ZEEV)

[Lane Hall-Witt]

Paul A--

INVN: I don't see any near-term fundamental reason for the falloff, although I can't pretend to understand the Homeland Security Act in any nuanced way. Maybe there's something in there that's being interpreted as a negative for INVN.

I'm inclined to think the criminals are walking it down ahead of a war with Iraq, which probably should bring some mojo back to the stock. It's also possible that INVN is just being regarded as old news in the war on terror, which of course would make a long play on the stock much more dangerous.

[Zeev Hed]

In edit: In the meanwhile, though, I just took the $.71 discount on ATK, back in here at $58.15. Also took the two IDPH off at $32.25, no action after the morning run, one even the other a loss of $.50, giving back a good chunk of the mornin bucker plus on that one. At the same time exited AMGN at $46.95 a loss of $.03.

I think INVN is still searching for a bottom, I have no idea why it breached and technically, a lot of work need to be done to repair the damage. As for POOL, if it gets under $29, I may even double up with the same stop just under $28.

Zeev

[zturk]

" INVN breaking down "
Why are you guys saying that INVN has broken down? Others are down the same percentage over the last 4 days
and nobody is saying they are broken down! MU down 20%, TXN down 19%, CCUR down 20%, and I can go on and on.
May be I'm in denial! since I own all of the above! It sure has been a lousy 4 days!