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To: Peter V who wrote (10998)12/16/1999 9:06:00 PM
From: Thean  Respond to of 14427
 
Looked at COVD. Its immediate support is at 57. One thing I don't like about these companies who do the last miles connection and do the end-user business is that they will not have earning for a long time. We all can see the big opportunity today. But in 2-3 years when they are ready to turn black, they may experience an unfavorable sentiment like margin sqeeze, new tech (maybe wireless access will replace the needs for cables completely) so they are subject to big selloff since they can't guarantee profit for a long time.

BBY - I think the tax loss sellers are all flushed out and BBY has turned the bottom corner. Look at today's action at the close. Big time market manipulation:

siliconinvestor.com

I think BBY will climb from here 50 to about 60 by the first week of January when they announce their Dec month sales. If the number exceeds expectation, 66-68 resistence should be challanged very quickly. If they break that, then 75 would be the next resistence. However if the number is bad, then a drop to low 40's will be likely. Definitely a WOO stock.