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

To: GTC Trader who wrote (4266)	8/11/2000 3:17:07 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

HB, strange you should ask about Morris, a tobacco company, I just bought on the break of $28.5 few days ago, I took it as a sign that the troubles are almost over. It is a "value" stock if you believe that the suits are not going to ruin them (the smokers will pay through higher prices). It is not a "socially acceptable" company, so I do not comment on it here (just like TLM with their "Sudan operations <VBG>), but they keep raking the money in and sooner or later it is going to show in the stock price. I would say not just hold bu a great buy under $35. I think it has a good chance to get to $70 or more within a year. My rationale is that during market downturns next year it will hold, and everytime they will want to get the market up, they will use stocks like MO, T and XOM to go up while they murder the like of MSFT, INTC, HWP and IBM, but that is part of next year's scenario (VBG)_. By the way, I just bought into CREE, got $99 flat, pray for me, I missed the swoon to the low $90' this morning,m and now I am paying the "piper". I also paid the piper by getting back into SSTI at $60-5/16, after I solf it an hour ago at $59-3/4, well, it was a mistake to sell and I am back in. I'll probably get back in RMBS and ADI as well.