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

To: Bosco who wrote (1132)	4/20/2000 2:31:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Well, we'll see, but when they offered QLGC for sale at $68.5, I decided that this falling knife is worth taking, by gosh, the PEG is under 1, while the S&P is around 1.70 or so. Too good a bargain to pass, IMTO. Of course, when too many of the stock I am watching are getting to become what I call bargains, it may be because this market is not thinking of a rally next week, but something quite different. Also just added QLTI at $57-3/8. I am loaded as I have not in quite some time, up to close to 80% in equities... Zeev In edit, "She is Turning, she is turning" (so said Ryan on Red October), so far 3600 is holding, and QLGC may be leading the bounce, already back at $71...