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Strategies & Market Trends : Steve's Channelling Thread

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To: rfisher who wrote (748)3/29/2000 11:23:00 AM
From: Zeev Hed  Read Replies (1) of 30051
 
Robert, as I said in PM, $10 to $11 is quite possible, I see it close to $13 already, trying to catch falling knives? It a break of a major support, it bounced back some 4 to 5 times from here. Even if it bounces from here it will be anemic, and meet a wall of supply at $16.875 or so.

The same with VLNC, very dangerious with a potential to go to $15.

Still not in RMBS or VECO. Now watching for a reentry in CYMI in the mid $40 (got out this morning, once more with tails between legs and a loss of $5 at $51.5)

Zeev
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