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Strategies & Market Trends : Steve's Channelling Thread

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To: steve who wrote (4141)8/7/2000 11:35:22 AM
From: Zeev Hed  Read Replies (1) of 30051
 
Steve, to increase "exposure, I just bought some SIII (8-31/32), last December it bounced back from $8-5/8 and that should be an excellent support area. This is almost a value play, they are holding stock in UMC which is worth north of $10 (well depending how hard Taiwan is going to be hit, it is in its own bear market now) and you get their Rio operations for free. If it breaches $8.5, I'll be out, of course. If it bounces, it could go to the $13 to $14 area, a nice 50% to 60% bump.

I must say, I do not like the lack of any bounce in BRKS, everything is moving nicely except this "dud" (g).

Zeev
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