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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (6722)10/25/2000 12:21:16 AM
From: SBHX  Read Replies (3) of 30051
 
Zeev,

I was thinking of getting ssti just under 21, and then more if it got below 20, but 17, that's some serious damage.

However, your ssti record is admirable, so I'll be buying at above 20 and will step aside until this thing sees 18.

Bad fundamentals :
1. ssti 14.5M shorts in september8. Sure is a lot of conviction that this is a POS. Do they know something?
2. Future : Same old story, cellphones, PCs are plateauing, so suppliers should suffer down the road.
3. Nasty market. Companies missing any projections heavily punished. Even blowouts meet the sell-on-news problem.
4. My feeling is that trying to time them in this condition and cashing out for measly gains is bound to meet a couple of bad stocks that will more than wipeout all those tiny gains.
5. Below 200day MA and seems to be failing it after testing it today.
If it wasn't for the contrarian thing, I'd stay out until a real bargain shows up again.

Regards,
SbH.
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