Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Logain Ablar who wrote (3868)	7/31/2000 11:27:30 AM
From: Zeev Hed	Read Replies (1) of 30051

You posted to me just as I why getting out of ELON, I am waiting on this one for another play. The fact that the NAZ is bouncing back tell me that the fear is far from being prevalent, this rally is dangerous. Many stocks, like QLGC, SSTI, SNDK broke through their respective supports and are bouncing (including CYMI which I left prematurely, as usual). I managed to get into WSTL just under $22, but I am looking for a mild bounce only to about $24/$26 on this trip. I could not resist getting into KEM at $23.75. This is now a "value stock. The chart stinks, but even if they earn only $3 next year (and my estimate is $3.8), it is simply "cheap" and they are expanding like crazy. Zeev

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