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

To: cellhigh who wrote (2711)	6/23/2000 11:21:00 AM
From: Steve Lee	Respond to of 30051

Just bought SUNW July 90 calls. No fill price yet but I am expecting a fill at 4 7/8. SUNW is near the bottom of its trading range between 88 and 106, with some resistance at 100. A price of 100 is quite possible before expiry and should make for more than a double in these calls.

To: cellhigh who wrote (2711)	6/23/2000 11:23:00 AM
From: Zeev Hed	Respond to of 30051

Cell, the point is that the current price of RMBS is already justifying all DRAM makers being on board as we discussed before. Mind you, that does not mean that RMBS will not go higher, I think it will, because the market will go higher, and the stock is still heavily shorted, and it will now appear on many more "radar screens". But based on "valuation" RMBS is discounting that all the DRAM makers are going to pay royalties on all DRAM products. By the way, I just got into CDTS at $17.75, I know, I said before that the SC are dangerous here, and they are, but the fact that both CDTS and SCON held very nicely in the last two days above my bottom of the range ($16.5 or so) tell me that some buying interest may come in. It might actually be engineered to allow smooth distribution of the locked up shares, so I am not going to overstay my "welcome". Zeev