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

To: Steve Lee who wrote (140)	1/31/2000 1:47:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I just did, but I am sure that Mr. Johnson will find fault with the trade. Personally, I do not see anything wrong in getting my average cost of VLNC to the negative territory which it did with todays reentry, despite losing $2 bucks on selling at $20.875 and reentering at $23. I believe that VLNC will provide additional trading opportunities. The way I see it, we should expect a rally into the SH and then selling on the news, if that rally gets me to a new high, I'll wait, if it fails penetrating $35, then I will probably withdraw to regroup and consider my options. The notwithstanding today's swoon, which I expected (but it came later than I thought), VLNC technical picture is very strong and my longer range target is raised from $40 to about $70, that will give this company a huge valuation, but then, ANCR has a huge valuation as well. By the way, another stock in the group, ULBI, just broke to a new high today, it is difficult to trade because it has a narrow following for the time being, and since it is still selling at very moderate valuation, IMHO, I am content to sit with it patiently. I think it should reach above $20 within six months or so. Zeev Zeev