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

To: anandnvi who wrote (2445)6/15/2000 1:52:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Anand, where is that $50 target for QCOM from? By the way, I would not go long CDTS at $17, I believe it has greater chance to see the low teens (or possibly single digits again) then the high 20" over the next month or so.

Zeev



To: anandnvi who wrote (2445)6/15/2000 2:15:00 PM
From: Matrix_Man  Read Replies (1) | Respond to of 30051
 
I would be very careful shorting CREE here. It may pull back, but it may also race ahead back near its highs. The fundamentals are very strong, and it looks like it has just passed the buy point at 155 or so coming off a double bottom base. Also, the down volume seems to be very light. If you do short I would place tight stops. Also, B of A recently reaffirmed their target of 300.

Disclosure: I am very long CREE - considering buying more here.


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