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

To: vampire who wrote (2331)	6/12/2000 4:43:00 PM
From: Bosco	Read Replies (2) \| Respond to of 30051

Hi Metsin, FWIW, I ve seen Zeev doubling down, even though the conventional wisdom is to double up. A minor point really. He was saying what he was thinking at the moment, suggesting he is not believable [may not be your intention] achieves no purpose except a potential to leave bad taste in some people's mouth [maybe due to miscommunication.] B/c of that, I ve nothing more to say on the subject :) best, Bosco

To: vampire who wrote (2331)	6/12/2000 6:14:00 PM
From: Zeev Hed	Respond to of 30051

Metsin, I do not think that CTXS is going back to $100 any time soon, but they are operating in a growth segment of the software market, and after seeing close to 145 MM shares changing hand in the last two days and the stock droppin in the process from $50 to $20, I expect at least a DCB, and if the panic continues, a 38% to 50% retracement over the next six weeks. Sure, I have the next 10 days quite iffy for the market, but after the next fed meeting I expect a sizeable rally, and CTXS could then be free of any "bag holders", since most of these would have sold. If we get another panic here tomorrow, fine, I still think that $30 or so is in the crads and from $15 it would be a double. I agree with you that in general I do not hang on to dead money, but rules are made to be broken, from time to time. Zeev