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Strategies & Market Trends : Steve's Channelling Thread

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To: gancho who wrote (3454)	7/22/2000 9:06:08 AM
From: Logain Ablar	Read Replies (3) of 30051

gancho: The competition so far from what I've read is Panasonic and Danionics. I have not confirmed this. The market place is large enough for competition. The holy ones biggest issue in landing a large order is past history. As for being a short NOT at this level. I have pretty good support @ 16.5 plus the $18 level is support from late fall. If you believe they will be receiving an order this is a good entry point. The last few days action is really a shakeout pattern on low volumn. The low volumn indicates there is more supply (sellers) than demand (buyers) but that can change. Now low volumn drops are not good especially droping below $20 but that is what happens in this market. The stock is probably a good buy @ this point for at least a trade. I think you've misread Zeev's posts. He would not recommend shorting at this level. The risk / reward is very unfavorable. He did recommend this as a short in a list a while back and gave parameters but that was also when the NAZ was on its way dow to 3,100. Remember 80% of the risk in a stock is market and sector risk. Factor that into your investment decisions. Tim

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