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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (808)	4/1/2000 12:36:00 PM
From: Logain Ablar	Read Replies (1) of 30051

Zeev: Just some ramblings here. What a week. We'll the market taught ME a lesson. Its better to be whip sawed with stops than to suffer some serious hits especially when I don't have time to spend watching what is going on (which probably wouldn't have mattered anyway). At least I wasn't visiting with MR MARGIN or it could have been much worse. Now to business. On HAUP. Never been in it but have invested and traded in OBAS and CCUR. Looks like the VOD sector is breaking down (I know its hard to judge with the whole NAZ activity) and it may be safer to revisit this sector in July / August time frame. I can see HAUP breaking down further from here given the guidance for the year. Just won't be many buyers for awhile just more sellers being shaken out. CYMI - IMO part of its problem has been the action in ASML's stock. Just read ASML's problem is major shareholder (25% stake) is looking to dispose of its position. Another part of the problem is the SEC accounting change (maybe worth disposing shares @ earnings release even though the business fundamentals of company look very good). For a while with the action in the semi equips I thought the cycle might be peaking (now I think we'll have normal summer dolldrums, remember the European 4 week vacations every summer). IFMX - Didn't even hit its bullish support line and while it broke the 50 day it came right back (one of my few bright lights). VLNC - We'll what can we say. I was spanked on this one. I agree with your assessment with 26 to 27 being resistance area and it looks like support now @ 21ish. (hey remember the pnf chart last week. I should have had a stop @ the double bottom break of $29. Woulda coulda shoulda. CDTS - PnF no good for this one. What is your read on it. I still have to do some fundamental research although I purchased some on Thursday. ATHM - Good news this week but the net sector was slammed. I have a small position but while we had a strong rebound in the nets last year in april I don't see that happening this year. I'll be closing this position and will revisit it later in the year. NVLS - This looks good for a trade and I purchased some on Thursday (I too still have the disease of catching a falling knive). This can hurt us big time when the NAZ bubble is finally burst so I / we should watch this. ANCR is way below its Bearish Resistance Line (at $55 in the current column) and it is forming a triangle. The odds of it breaking up are not as good as the odds of it breaking down but I like the company fundamentals. Anyway as always thanks for your insight. Tim

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