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

To: anandnvi who wrote (3064)	7/10/2000 11:15:57 AM
From: Zeev Hed	Respond to of 30051

The announcement with ENEL is about six weeks old, the stock has retrenched and held $50, and I am a believer in the second shoe theory, namely, I expect another European utility to strike a deal with ELON within the next six weeks. If we break $50 on a closing basis, my story will change, of course. I myself will be buying again here at $51.5 or so, and it is getting there "fast". It is not a "long term" play, just a range trading play for a possible move above $60 in the next six weeks or so. Zeev