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

To: U.B. Green who wrote (3239)	7/14/2000 10:56:49 PM
From: Zeev Hed	Respond to of 30051

Yes, I am looking for a pull back if for no other reason than expiration. However, SNDK might be reflecting the end of SEG sales and the coming earning reports which I just cannot see how they will not beat the street. The problem is overhead supply, if you remember in April, I jumped in at these prices ($73 to $108), that was a major bounce but it creates a lot of "overhead supply of all those that saw the price go to $111 or so and did not sell. I can hear the prayer"oh G-D, make me whole and I promised never to touch it again". These people suffered through the stock going to the low $40 and would be willing sellers. I have no idea how the three ways battle, (earnings, expiration and the "Oh G-D" crowd will end. It seems to be ending fine for QLGC, but they are in a hot sector. Flash has been partially tainted recently by SSB, so it is a "toss up". I think it is better to buy back under $70 or on a break above $79. Zeev