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

To: Mark Ivan who wrote (5153)	9/16/2000 11:11:03 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Mark, I only write covered, I do not buy options, too risky for my taste, I had paying for time, time is a one way street, down (g). What are your thought on VECO? It has held (or I should say climbed) remarkably well in the last few days' massacre. Yesterday it even printed a marginally higher recovery high (by 1/16). Last July, I was fortunate to hit the $100 exit point, but i think that this time, we may have another $20/$25, if indeed the Turnips' major scenario (a low last Thursady/Friday and a powerful rally into election) holds. I must say that it will be unlikely that they will correctly call two consecutive top/bottom sequence correctly, and this time like in May, they will be some few days too early. We did not get the excessive readings i was looking for in the Tick and trend, and that is a major fly in the "ointment". Zeev