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Strategies & Market Trends : Steve's Channelling Thread

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To: GTC Trader who wrote (2881)	6/28/2000 10:27:00 PM
From: Zeev Hed	Read Replies (1) of 30051

HB, if you are looking for a "couple of months" (more like four months, IMHO) and have the fortitude which I lack to go through a wrenching decline to the low to mid $40, you may be right holding it. I have no taste nor fortitude of this kind, when I am wrong, and I was on SNDK, I take the bitter medicine (sell at a loss) and get back in when the technicals are either clearer, or the price much lower. Right now, overhead resistance will be strong in the $62.5 to $65 area. It may close above $60, but in the next two three weeks, i fear it may very well go under $50. Yes, I am out. Zeev

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