Another 50 Naz points extra was my minimum, and I'll see how much excess optimism is generated, if too much, I will recall my bear suit and fast. This run, however, if not accompanied with excess enthusiasm may have more legs than my initial target. So far, it is a classic bottom. So was the July 2002 bottom, but it lasted barely three weeks before I had to turn bearish again. SDince I took quite a number of positions off the table, I am no longer "fully loaded", but still very low on cash around the 20% level. As for BCRX, they may hit it hard here, maybe as low as the $12.95/$13.50 area, though I doubt it, but they will have many zigs and zags, my tactics, try and get even early on the position I got and watch if $15.75 can be taken, if not, step aside and watch for a good bottom. This one may still have legs, after a solid retrench.
