Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GTC Trader who wrote (4563)	8/21/2000 10:20:38 PM
From: Zeev Hed	Respond to of 30051

HB, I do not think that CDTS and SCON are "safe shorts", sure they are risky and could get to the low teens, but, neither have made recent lower lows (lower than the May lows), actually, they seems to start and build a base from which they could launch to a 50% gain from where they are. If you insist on having some shorts, always short broken stocks that make new lows, last week, when AMZN just pretty close to $40 on a bounce from a new low under $30, I suggested it might be a good short. If I was short, I would use any weakness to cover both. Following this dictum, stocks like LRCX, AMD and AMAT which have just made new lower lows on the last swoon down, are better shorts. However,in view of my relative bullish scenario for the next few motnhs, I would not recommend shorting anything. As for good longs, it depends on your taste, for instance, I am waiting for NSM to get down under $42 or so to go long with a stop just under $40. I also like APH and KEM right here. Of course, you know my opinion on SSTI and SNDK, the latter, I believe, if it closes above about $75, could go up quite rapidly. SSTI has already "conquered" an important resistance at $25 and if you can get it on a retrenchment to the $25.25 to $25.75 area, I think it might pay off. Stop loss should be under $25, so be ready for a whipsaw. Zeev