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

To: Steve Lee who wrote (2159)	6/6/2000 4:08:00 PM
From: Zeev Hed	Respond to of 30051

Steve, I really do not know, MSFT is definitely in a down trend and unless it holds the May lows just above $60, it is "cooked". Here, just under $70, it is actually a better short for the next three weeks or so. Zeev

To: Steve Lee who wrote (2159)	6/6/2000 4:10:00 PM
From: vampire	Read Replies (1) \| Respond to of 30051

fundamentally the bad news seems to be out already (then again, who the hell knows) - i was thinking about a straddle since the decision is expected soon

To: Steve Lee who wrote (2159)	6/6/2000 4:18:00 PM
From: Bosco	Read Replies (1) \| Respond to of 30051

<edited>Hi Steve - I tend to agree with Zeev, MSFT is making too many mistakes these days. While the sell side analysts may still try to pump it, it is a best range bound. If the growth folks are abandoning ship but the value folks still think it is too expensive, it makes a heck of an awkward moment. <edited> IMHO, the real bad news is there is no settlement, so this will linger. Of course, there is always a possibility of a bear trap, which can be an excellent trade for short term traders. best, Bosco