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

To: Zeev Hed who wrote (3981)	8/2/2000 4:27:52 PM
From: SBHX	Read Replies (1) \| Respond to of 30051

But Zeev, ssti has a lot of -ve momentum going in it, just when I thought it has 'capitulated' and it's time to buy, it surprises me with more downside. 1. What exactly is going on there? Is their low-density flash market going away? I find it hard to believe that the 'high-density-flash' phones will actually become prevalent before 2H 2002. 2. SNDK shows no interest in any flash mkt segment that is not very high density, and their sweet spot for size of flash keeps moving up -- that's where the margin is. Right now, it is unlikely that they will clash anytime soon. Is there? 3. At this rate, this ssti correction may not just be irrational despair, but something more fundamental. Or is that my irrational despair showing? :( edit: you called for ssti in the 50s when it was still 78. Hats off on another spooky call. --- SbH

To: Zeev Hed who wrote (3981)	8/2/2000 4:31:49 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Hi Zeev: Well I would be 70% cash if I didn't purchase some KEM. Out of SNDK completely and 1/3 left of QLGC. QLGC will go tomorrow since it broke supports yesterday and today. Today was a nice reversal but still low volumn WSTL still have a 2/3 position. It should bounce I think the shorts are spreading FUD and investors are forgetting the recent signings with GTE, SBC, etc. Of course the stock is acting like they just lost a major account so another 3rd will go on any bounce. All in all a pretty good day in raising cash. NAZ still looks lousy and I can't wait till the NYSEBP comes out tonight. If its in O's KEM will go quickly too. My concern @ this juncture is the jobs report on Friday. If the #'s are strong (over 200k in private sector jobs) the market will sell off pretty strong. If they come in weak I still think we'll have plenty of time to pick the right stocks and participate in any rally. Better to preserve capital in case there is a sell off. Right now the odds favor a sell off as we complete this bounce from last weeks sell off. Tim