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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (712)	3/24/2000 11:08:00 AM
From: Zeev Hed	Read Replies (1) of 30051

I agree that if it can go through $50 it could rapidly run to $64 to $66, there it will meet some major resistance, but the NAZ is threatening to move to new highs, so it could take that resistance. Right now however, I think we will retest the low $40 before we mount such an assault. By the way, CYMI here between $55 to $56 is an excellent buy, IMHO. ANCR is also in a good buying range still (I am loaded with these from $38.5 so I am not adding). I am actually watching XIRC to see if it holds todays low, we kind of made a double bottom on the swoon down, and they actually earn some money (VBG). Got out of this RMBS at $$344 for $14, may enter back if it swoons back under $330 or if the action looks good, maybe even above $346. We'll have to see. Zeev

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