Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (127)	1/27/2000 3:42:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Steve, right now it is behaving relatively well, considering the environment, but in such declines, you should expect the weaker to become weaker yet, and in the SOX RMBS is not stellar. I doubt you will see prices much above $80 by expiration, since I see the sox retreating to the low 700 before this correction is over. That will imply to me that RMBS will see about $66 or so in this cycle. If it closes above $80, all bets are off and we could see once more a run to the $88 to $93 area. I have been flat mostly in the last week and just wetted my feet in CCRD a few minutes ago at $39.5, but this is only for a bounce, there is still a danger that CCRD will drop to the $32-$35 area (where I think it will be a bargain. VLNC I expect to close the gap to $25. Zeev