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

To: Pink Minion who wrote (2600)	6/21/2000 12:33:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

ex, I do not think we are "at a peak" in the semi cycle. I think that most of the semi equip have seen their stock prices peaks and will revisit these in the next three months. The chip will make new highs, IMHO, and the peak in their price will probably be in the Oct to Jan 1001 time frame. By the time INTC makes a new high, the like of SNDK will do catching up. $109 (my target) on SNDK is far from its high. The reason I old last around $65 or so was the proximity to a support at $62. It held, and is breaching up (with the print at $77), thus now, it is a buy. Furthermore, few days back, I still had a greater risk in the market in general, but we are getting close to the "forecasted" bottom in time (it was the June 23 to June 26 period for a bottom), and thus my change of opinion. You got to remember these turnips are fickle, they are wrong, often and reserve the right to change their mind. They kept me out of SNDK for most of that catastrophic decline to the low $%40, and I thank them for it. (g). zeev