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To: Ian Anderson who wrote (34009)11/5/1999 9:38:00 AM
From: Zeev Hed  Respond to of 93625
 
Ian, I would rather handle this by raising the stop to just under $87. As I mentioned, it seems that $97 will have some supply, but if the momentum is great enough, we could go all the way to $122 or even a little higher before the end of the year.

Zeev



To: Ian Anderson who wrote (34009)11/5/1999 10:03:00 AM
From: jmac  Read Replies (1) | Respond to of 93625
 
I believe 100 is a cap on this stock until Comdex. IMO



To: Ian Anderson who wrote (34009)11/5/1999 2:49:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Ian, as for exit strategy, I solved this by selling at $91.5, $92 to 93 started to look like a brick wall, and I would rather wait and see how well we are going to handle the $87 to $88 area. I will probably will have to jump back on above $93, but on the other hand, I might be able to get back on under $90. We have had a solid 50% run from the bottom, and a solid retracement to the low $80 would not be unusual. The main upward momentum is dissipating.

Zeev

PS, I just looked at Island and I see we are drifting under $90, that might be an indication of at least at test of the $87/$88 area. I might have to jump back in if that holds.