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


To: Mark Ivan who wrote (5156)9/16/2000 11:45:59 AM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
I agree with you that at this price, it is trying to squeeze the last drop from it, but I always like to stay in the strongest stocks I have, when a rally resumes, they are often the one into which momentum money is flowing fastest. You could see that yesterday, every time the decline was halted, VECO vaulted back above $100. This one has been pretty good to me, since my last "major" exit in mid July at $100, I reentered in the $62/$68 area, and while I got off the train few times (I left some on the table between $72 and $78 to reenter at $77 for the current drive (with few interruptions as well, but on the plus sign this time). The time may come for me to pay the piper on it (g).

I think it may be one of the stronger (with NVLS) on the next drive up.

Zeev