Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Jeff Guy who wrote (3300)	7/17/2000 11:26:58 AM
From: Zeev Hed	Read Replies (3) of 30051

I am not so sure about ELON, the break under $50.5 last week may indicate additional weakness, look at what happened to QLTI after breaking $60, another $10 were clipped. I'll wait until later this week to see how expiration is being factored in the market with an entry into ELON. RMBS is acting very well here it might be getting ready to challenge the highs of few weeks back. If this rally continues as planned, I can see SSTI geting back to new highs, maybe as high as $135 and that is a full 50% above the current price. Zeev

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