Steve's Channelling Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Lee who wrote (13)	12/5/1999 2:59:00 PM
From: Zeev Hed	Read Replies (1) of 30051

Steve, there are some good ranges that can be exploited in a similar manner in BRCD and BRCM. If you play the option game, you may want to look at VLNC's $12.5, the stock just broke out after their floorless was resolved (well, almost completely, but since they are above the ceiling, and most of the floorless seems to be already hedged out, it is now of minor importance) and they finally got in two respectable orders. This one has the potential of following in the path of another healed floorless, ANCR (also an excellent upward channel, a junior competitor to BRCD). If VLNC breaks back under about $8.25 or so, beware, the last break might be negated. I think that the likelihood is minimal of breaking back down. A good buying point should be between $9.5 and $10.5, IMHO. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next