Replies to post #88018 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Amat's announcement might be the straw... I am not in tomorrow morning and don't have many GTC close to where the closing prices are (except a second COCO again under $35 if it gets there). Coulda shoulda have played it better, but still, I played more than 10 positions and got few double buckers and a number of bucker plus, so I am not complainging.... Going to sleep at 70% cash, so if we do retrench, not too much exposure...

Zeev

[akirsch]

P/E ratios and P/S ratios are way too high right now. When some brokerage firm comes in and says IBM is a buy then I will give up my shorts. I expect we won't see that until Zeev's final leg down in June or July. Tomorrow morning will short like crazy before FOMC reality statements really kick in.