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

To: Logain Ablar who wrote (133)	1/30/2000 1:55:00 PM
From: Zeev Hed	Respond to of 30051

Tim, I think that MRVC could get to just below $47 or so if this massacre continues (could we have a blue Monday tomorrow? the conditions are ripe, an overvalued market rising interest rate, perception of an overheated economy etc....). As for VLNC, there is that gap just above $25, and I, for one am waiting for "cooler markets" and seeing if that gap fills or not before I jump back in. After all, even if we accept management projections that in 2001 they will be shipping at an annual rate of $250 MM (and I think there is a big "if" there), their current valuation above $1 billion already reflects that. This is the fundamental view point, technically, the stock by making a very strong move to an all time high during a very weak market, indicates a potential blow out, when the market returns to its "normal behavior" discounting sales as far as five years ahead, or a capitalization of around $2 billion or so (about $60 per share or thereabout, whe the market becomes "irrational" expectations do get blon up). Zeev