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

To: Zeev Hed who wrote (4296)	8/13/2000 8:11:43 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Zeev: From a fundamental standpoint I would think WSTL is a good buy. While the Verizon strike should not impact this quarters results (the sales are to the GTE side which is not on strike) preception is that it will / is. Once the strike is settled the stock can move to next resistance @ $21. Out of QLGC. I'd rather play EMLX in the sector through this quarter. I'm wondering if the MM will try to bring EMLX down to $55 for this Friday. They did bring it to $58 on thursday @ the open but it poped to $64 within an hour and closed around $66. The PnF internals are looking good at the momment and I was able to purchase some WSTL near the end of the day on Friday. Wasn't around most of the week and will be in and out this week as well. Tim