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Strategies & Market Trends : Steve's Channelling Thread

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To: D GALL who wrote (10321)	1/18/2001 10:34:11 AM
From: Zeev Hed	Read Replies (2) of 30051

Danny, right now, I still believe that INTC is going to make a new low and still hold to my target of $25. Yesterday INTC was down on twice average volume, not a good sign IMHO. Why do you think we have reached bottom on it? In the meanwhile, however, I got back into BRCM at a nice discount at $121-3/4. It could still drift to the 110/$115 area ($110 was the break out point), but I expect a better market next week and must redeploy slowly here from here till Monday. Zeev In edit, also got back into BRCD at $99.5, no discount here. Also back into the SC CDTS at $8-3/8 (just like last entry) and SCON at $7.5, a little discount from last sale.

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