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Strategies & Market Trends : Steve's Channelling Thread

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To: Paul A who wrote (8630)12/6/2000 10:53:39 AM
From: Zeev Hed  Read Replies (2) of 30051
 
I think that QCOM has definitely developed an "upchannel", but because of INTC, I am being cautious and expect it to drop back to the low $90. I just got back into NTAP, however, for my third trip today, I could not get $79, paid $79-7/8. I took off ARBA, the asks are getting strong and it seems to want to go back down, maybe even a lot, out at $76 for $1 loss. As for SCMR it is still worth playing the $60 to $65 channel, I got back in here at 60-7/8.

Zeev

In edit, also got in CREE at $73-7/8. BRCM and BRCD refuse to get back into my buying range... What the heck paid $196 flat for BRCD and $124 for BRCM, lets live...
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