Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (5519)	9/26/2000 8:53:10 AM
From: Logain Ablar	Read Replies (1) of 30051

Steve: I steped out of SNDK on Friday. Not so much thinking its a company issue but more a market / sector issue. The Sox @ 881 are right on 880 support and if this breaks I can't see SNDK also not breaking. I believe the company fundamentals but you know markets. There are times when fundamentals don't matter (of course I'm talking about the bubble market fundamentals and valuations). There was a lot of sector technical damage done over the prior two weeks. A lot of good companies where I believe in the fundamentals have been hit in this sector. AHAA, ASYT, CYMI, LTXX, SNDK. As much as I think there is a good opportunity I'm waiting. If sox rallies (I expect it to break 880 this morning) over 880 then these stocks should fare well. Maybe one more flush. Tim

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