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To: The Ox who wrote (10110)9/30/1999 12:19:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
While today is end of Q, I expect this churning starting yesterday will continue until till the end of session. The semi's are weak tody but instead of buying VTSS I would put my money at CNXT or AMCC here. TER is also a buy on the dipper.

As to bottom fishing, I think one has to step up partially when blood is running. I did that with the drug (LLY) two days ago and that appears to be the short term bottom. There have been two rating increases on LLy and other drugs in the last two days. So there is no conspiracy there - the analysts also look at charts!

GNSS - Today is the big test. We have $17 as the support. $17 is also where the 50% retracement from its high is. I placed my bet yesterday so if this works out it will be another bottom fish for me.



To: The Ox who wrote (10110)9/30/1999 2:11:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
Mike,

I sold calls on VTSS, that are now worthless (which is OK by me). It's still above it's 50 day by over 10 points. However, it will probably "valley" soon, and move back up right before it's split.

Semi's are way off today, and you're seeing big downside's in those stocks that have the most to give up. It doesn't change my opinion of these stocks at all. I hate to see me give up all that run, but they will come back.

If you could snag a nibble under 80, by all means go for it.
Anyway, someone pointed me here:

restex.com