Replies to post #58702 on Zeev's Turnips Patch-No Politics (ZEEV)

[limtex]

ZH - after Tuesdays economics it seems clear that no-one in Washington has the faintest idea how bad the economy is.

THats waht makes me think your new Nasacre is going to come about. They have got it so wrong it is not believable.

Now there then, thats not politics or is it?

Best,

L

[marvin1946]

Zeev,
Is Grand Nassacre a certainty in your opinion and is this the one that takes us to 950? Marv

[Babylon]

Wow.

Perhaps under such circumstances, we might be able to get hit with some OB's on the core. Unfortunatley I had to clean my slate of even them (a lot to due with personal reasons), but would like to establish some for longer term holdings. I suppose the best plan to play if someone is on the sidelines right now looking for something to hold longer than a month or two, would be to remain so and to look for some bigger opportunities ahead?

As they stood:

AGM - OB $25.30
ECL - OB $$38.22
SFD - OB None
POOL - OB $18.75
TTC - OB $49.99
BA - OB $22.22
MAXF - OB $4.05
SKX - OB $6.75 SL just under $6.
MRK - OB $40
COO - OB $20
IGT - OB $50
PII - OB Not determined yet..
AAPL - OB $10.25

Do they still stand, or are there any modifications you would like to see? Do you think more than 75% of these will be hit?

[jdaasoc]

expect a mild bullish trend over the next two three weeks

Agree with your view but thinking that biotech sector may be "safest and strongest" sector for the muted rise. Retail sales is going to flatten the tech sector space and no number of cell phone sales is going to make QCOM NXTL or PCS charts look rosy.

As of last week, I thought Congress will have laid off "health care reform" but Frist is only medical doctor in Senate and may want to deliver a "major" Congressional bill to Bush to sign quickly. It would take our minds off sticky foreign policy efforts and make Democrats look more so ineffectual after carrying the health care banner for so long with no results.

Bill would be just lip service to issue of wider health care access and would be profit irrelevant to the health care stocks. Just another ineffectual sham agency to accept constituent paperwork without transferring any governmental money like medicare or effecting business environment at health care companies like FDA.

[calzone]

Zeev, I'm also planning to lighten up my poistions in the next week or so. What is Turnips target for the possible top duing this anticipate mild runups?

TIA. Have a happy holidays.

[ajtj99]

January Max Pain on the QQQ is a toss-up between 25 and 26 again:
http://finance.yahoo.com/q?s=qqq&d=o

There is a floor at 25 due to the huge open interest in puts (162,000, or 70,000 more puts than calls at 25).

The smart move over the next week or two would be to go short when the QQQ is a point or two above Max Pain and long a point or two below. This only applies until Jan. 8.

February open interest is almost nothing:

http://finance.yahoo.com/q?s=QQQ&d=o&q=B

They could easily take this down to QQQ 20 or below in early February for options expiration and close it at QQQ 20 for Feb. Max Pain.

If Mish were looking at this, he'd probably agree. Late January and early February would be the times the market could be moved, and down is the easy move.