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


To: Zeev Hed who wrote (1359)5/2/2000 10:34:00 AM
From: mishedlo  Read Replies (1) | Respond to of 30051
 
Zeev,

SNDK up, so far, on a down day.
BUY or WAIT.
I do not mind getting in for a trade if you give me a stop, or if turnips say no major selloff coming.



To: Zeev Hed who wrote (1359)5/2/2000 10:40:00 AM
From: mishedlo  Read Replies (1) | Respond to of 30051
 
Zeev,
Another contrarian view from Greg Mullineaux today.
Comments?
===================================================
Wimpy selling (so far), that's what I call this mornings action. I like it, shows to me that we can have some selling from the traders and others that still have the fear of the drop in their minds and not have it turn the market downward again. If we have few days like today and the market recovers each time or at the end, I would have to say the bottom is firmly in place. Stocks with compelling stories that are putting up the numbers, will be rewarded going forward. I always find selling more telling in the market then buying. Every sell-off is a window to look through to see the underlining health of the market.
Greg



To: Zeev Hed who wrote (1359)5/2/2000 2:40:00 PM
From: rfisher  Read Replies (1) | Respond to of 30051
 
Judging from the action at 2:30EST, your Zeevian schedule was perhaps 24 hours late in its prediction of "crunch time". I have been playing (6 times, all positive) JDSU today but cashed out 30 minutes ago. It is coming apart.