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Pastimes : Ask Mohan about the Market
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To: Ahda who wrote (17462)12/16/1998 11:16:00 PM
From: Zeev Hed  Read Replies (1) of 18056
 
Darleen, the turnips are still blush as long as 8650 on the DOW and 310 on the SOX hold, but they do see initial signs that these levels may yield. I think we are safe until the second week in January if these levels are not broken. As a matter of fact, if we get a decline toward expiration and do not breach these levels, it might make sense to commit some cash to equities that are still in a strong technical position like VECO, INTC, AMAT (as long as about $36 is not breached), and few other I have liked in the past like XIRC (getting close to a good buying range at 30 or so), CCRD if you can get a retrenchment of $2 to $3 bucks from here, and few others. I also like RMBS anytime it gets under $89 with a close SL at 86.5 or so.

Zeev
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