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

To: Zeev Hed who wrote (3190)	7/13/2000 2:19:24 PM
From: Logain Ablar	Respond to of 30051

Zeev: I've been riding it for 6 weeks and its been a monster for me. I still worry about a bear trap but don't see that now since we broke thru resistance yesterday and are having a nice follow thru day. I can't trade like you. I'm actually holding QLGC to see what happens with the ANCR cc next week. The sell off was mainly due to the "dillution" of earnings going forward from ANCR. We can still have the dillution but QLGC can post some good #'s. Fiber, B2B (ARBA, CMRC are the leaders), Storage, wireless. The sectors to be associated with in the rally. The biotechs and drugs lead but money is rotating out now that the genome news is past. When do you expect a pullback. This seems like it can go for a few more days but options is next Friday. Tim