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

To: Zeev Hed who wrote (4191)	8/9/2000 3:40:02 PM
From: GTC Trader	Read Replies (1) \| Respond to of 30051

UPS - Zeev, when you get a chance, I would like an update on your thoughts re. UPS. About 3 months ago you suggested that they would be a good short. They have been in a rectangle (58-62) for most of the last 3 months, and the last couple days dropped to 56. The rectangle would give a target of 54, which was support in February. Viewing it as a triangle from 55 to 65 with point at 60 would give a target of 50, which is roughly the April low. I am currently short with at SL at 57 5/8. Also, a couple of days ago you predicted the Naz would "turn" Wednesday or Thursday. I think you meant turn DOWN, but I am not sure. Please confirm. Thanks again -- HB P.S. I will have to check out the 9/2000 issue of Popular Mechanics. P.P.S. SUNW looks like a turn-around day. Gapped up to 112 11/16, ran to 115 3/16, and now dropped below 111 1/2. Dare I short it? (Wish I had at my original target of 115!)

To: Zeev Hed who wrote (4191)	8/9/2000 5:43:33 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

Hi Zeev: AMAT today might have been the news needed to start the next leg up for the semis. Earning were good but the guidance is key and they gave good guidance. We should know by how the stock reacts tomorrow. Market seemed cautious today after CSCO but in front of AMAT. Semi's have reversed from a long PnF low pole and there should be many opportunities as long as we are back in a rally mode. I am still mostly in cash except for some QLGC and the longer term holdings. This week so far has only been a rally from the over sold condition and this week did not have strong volumn. We still have the PPI (or CPI, I forget which) this Friday. Should be the last piece to whipsaw the market. My semi targets are AHAA & SNDK for chip makers. My semi equip's are ASYT, CYMI & LTXX (I'll let you trade BRKS). WSTL should hold back until the Verizon settlement. CSCO CC had positive implications on DSL market which should filter down. Still looking for a reentry below $16. The EMLX news was very positive last week and I'll jump on board somewhere in this retracement. Actually rollout of QLGC to EMLX. QLGC may still run but I don't see $140 anymore and right now it should have problems with the mid 90's. EMLX once it consolidates its run from last week should head for the 90's if it can breach its 100 day ema. On these picks my caution would be the market. It is entering an overbought area and can still sell off on the AMAT news. Tim