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

To: U.B. Green who wrote (916)	4/7/2000 3:07:00 PM
From: Zeev Hed	Respond to of 30051

Don't ask about the "emotional low in QLGC, I think it was under $80, I doubt we will see that, but my own stop loss is around $95, I hope it does go to $125 before that however. As for CDTS, I am hoping to get back in that range next week and that is not the "major retest in May. Actually, the SC have been weak relatively speaking in the last few weeks, so I expect in may a possible retest of the $16 area, maybe even a breach. Careful with CDTS since it could go to single digits in a very bad market, the fundamental surely do not justify right now $20, only the hope of a bright future, very much like VLNC, and in a real market, "promises of a bright future" will count for little, IMHO. Zeev

To: U.B. Green who wrote (916)	4/7/2000 3:49:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

The market seems to mend nicely and I expect some earnings driven advances next week. I have too much cash so I redeployed in the last hour, bought back CDTS at $25.5 and SCON at $32.25 (I thought they would retrench more, but no luck). I also fessed up and bought ANCR and XIRC (34.75 and 38.125 I am ashamed to say). RMBS,( how stupid of me) I got back in at $241, after it went to 245 plus, it refused to give in to the 3;30 effect. Last, I got back ONT at $13. That should get me to almost to 20% cash. I hope we do not get one of those blue mondays (VBG). I missed JDSU badly, but I did get a "fling" in HAUP at 15 and change. By the way, CCRD and QLGC are still under water, and for a minute there, I thought I'll have to dump CCRD, since it breached $30 for just a trade. Zeev