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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (7098)	11/2/2000 12:24:18 PM
From: Zeev Hed	Read Replies (1) of 30051

I don't think that it going to $50 pretty soon, actually I am still holding from $58-11/16 for $74 plus, maybe much more plus... Look at that VECO launching ahead. The bu$$ is seeing some serious selling in the $51 tp $52 area, if it does not break soon, it may very well go back to the mid $40, IMTO. I made a mistake with XIRC and jumped back in paying 1/8 higher at $14.5. Volume is really picking up on XIRC. Zeev In edit, grub 7100 (g). Watch the SC running, CDTS much more so than SCON, but I think that SCON will follow, and if you remember the "scenario" the convert will want this stock well above $17 to hedge their position. I figure they will want to hedge some 2 Mm shares, so a massive rally will have to be "engineered". My buys around $9 of both currently look "sweet".

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