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Strategies & Market Trends : Steve's Channelling Thread

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To: Larry Brubaker who wrote (6094)10/11/2000 10:39:31 AM
From: Zeev Hed  Read Replies (1) of 30051
 
Larry, that is the sign of a bottoming market, IMHO. I am now at just under 30% cash, which should tell you I am getting a little bullish.

I, for one, just doubled on CCRD at $7-7/16. This is not even twice book, and about twice cash on hand. I PE on next year's expected earning of less than 10 or so, I would call CCRD here a "value play". To keep in line of about 30% cash, I sold SCMR for $75, another $3 to the good on this one. I was hoping that VECO will come back to about $68 or so for another trip, but so far, it refuses to nudge...

Zeev
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