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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 674.96

+0.9%

4:00 PM EST

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To: Johnny Canuck who wrote (28113)	9/11/2000 7:02:36 PM
From: shasta23	Read Replies (2) of 68284

HI HARRY! Interesting that you we're in RFMD. I actually bought a small initial stake in RFMD today at 38 1/4 and will allow drawdown to about 35. The way the stock rebounded in the end when the general selling pressure subsided suggests imho that the stock might go up nicely if the market turns sideways or up. Like you i'm 90+% in cash right now and just building tiny positions in companies i like. BTW our prediction of 3800 could be reached tomorrow. Still think we're in for a good bounce from there... Stefan

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