Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: MulhollandDrive who wrote (8598)	12/5/2000 3:53:58 PM
From: Zeev Hed	Read Replies (1) of 30051

It could be, but we have seen these rallies even in warning stocks (XLNX warned of slower than expected growth QOQ, no really that bad, COMS on the other hand is still being murdered). In the meanwhile, however, I have a bid in at $17-11/16 in ANF, support is just under $17, and if this rally has "more legs", it sure should revive, if not, the risk is minimal with a SL at $16-3/4. Zeev In edit, just got ANF at $17-11/16. Alaso bought some KEM here at $18. It is far from a buying spree, I am still more than 50% cash.

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