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

To: Logain Ablar who wrote (163)	2/9/2000 12:20:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

My short term strategy will be, like you, to sell again into a SH induced strength, unless some additional "material" orders or licensing deal materialize. Longer term, I would still be looking at reentry at the then prevalent support, or at breakout to new highs. Due to the very strong support (and new highs) in the recent slump, I have increased my target to the $65 to $70 area, but that is more in a frame work of 6 to 9 months. Any disappointment coupled with a weal market could get the stock back to the mid 20' IMHO. A big disappointment, such as less than 80% overall yields (which I believe is currently price in the stock), or lack of visibility of sales rate of $75 MM plus within the next 12 months, could get it back into the major area of resistance in the $15 to $17 area. All, my opinion , of course. But, for now, I see no clouds on the horizons, and overextension could be remedied with short term retrenchments to the $31 to $33 area. Zeev

To: Logain Ablar who wrote (163)	2/9/2000 4:25:00 PM
From: Logain Ablar	Respond to of 30051

Zeev: On VLNC I'm going to enter my orders in the am and see if news comes out to trigger them. A lot higher risk / reward than when the stock was @ $11. Plenty of other opportunities out there. The PnF long term indicator is still on defense although the s/t optional stock BP turned positive last week (from the NAZ strength of course). Still plenty of stocks on sell signals. On CYMI I always use ASML as a read. ASML leads and CYMI moves up to appx 50% of share price (although CYMI did not run as high this leg up). With ASML doing a 3 for 1 I'll have to look for a new measure. Thanks for your input. Tim