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

To: Steve Lee who wrote (3052)	7/10/2000 8:21:54 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I Agree with you on SNDK and my target there is $109 with a SL at $50, and that is the rub (like SSTI) the stop loss is quite far from the "buying range". If you can get it on another swoon to the mid $50, then definitely it is worth a buy on the "hope" that the monster rally will cause that break of $65. By the way, there is a lot of overhead at $the $73 and $78 area, and then around $88/90. SSTI, however, could move to $100 in two days of optimism...SSTI has its own problems just here around $85. By the way, another fallen angel that is starting to show some backbone is SYBS. The problem is of course that many software companies have "warned" recently. By the way, on RMBS, we may breach $97 today (if I read correctly the ISLD early trading), I am going to wait for a good half an hour after the opening before I decide if I establish a position. Zeev