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

To: Zeev Hed who wrote (156)	2/3/2000 7:50:00 PM
From: Steve Lee	Read Replies (2) \| Respond to of 30051

I see that formation Zeev, and I think it indicates only a very short term reversal, maybe down to 73-74. RMBS still closed up for the day and the volume was not significant. No signs of major selling, I think just a bit of overhead above 80 like we were both expecting. Shame my quotes were unreliable or I would probably have closed those options at 82. I like the fundamentals on RMBS with or without a patent suit win and without realtime charts (for the volume mainly) could not see if selling would be missing out on a breakout. At least blaming the quotes I can go to sleep satisfied I didn't make a mistake <G>. I've been watching out for ONT too. I'm prepared to miss out for now as I like my MSFT & INTC. I think AMD is a really good short right now, right at the top of its range with no signs of breaking through. The downward pricing pressures from Intel's quickening Coppermine ramp should really screw this company, especially with that shiny new Dresden plant to pay for. Still, should've had more patience and waited for 39 before shorting. I feel another round of buying Intel and shorting AMD coming on very soon. Intel's announcements at the conference next week (or is it the week after?) should make both these trades quite profitable, look out for the "notched poly" process with respect to high frequencies and Xeon L1 cache capacities ! The manufacturing capacity Intel is bringing on line is tremendous - maybe you should just get your CYMI now.