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

To: Zeev Hed who wrote (5382)	9/21/2000 7:11:03 PM
From: Steve Lee	Respond to of 30051

Bought a small amount of SUNW between 111 & 111 1/4 after hours. Got hit hard cos of INTC. INTC isn't growing much these days but SUNW is. I actually think SUNW is fundamentally overvalued hence a small trade but I think it will still show me a profit in short order.

To: Zeev Hed who wrote (5382)	9/21/2000 7:45:00 PM
From: McNabb Brothers	Read Replies (4) \| Respond to of 30051

Zeev, What can one say? Tomorrow will be interesting and will look to buy on this dip. Hope your turnips are in better shape tomorrow and you will be able to post as to what they are saying. I'm thinking this is what's going to determine the men from the boys and could very well be the tuning point once all the weak hands have been weeded out! I feel most stocks I own such as EMLX, CNXT, NTAP, QCOM, JDSU, and SCMR will have super earnings or are in special situations that will hold them up better then some of the others. After next week if not this week I believe most companies will have already reported that they are going to miss and then the good news will begin to show up again with the actual earnings being released. We may see another day like Aug. the 3rd when we opened down strong and come back and close positive with about a 240 point move! I remember when everyone use to say that the markets could not move up much without MSFT moving up also, and GM and was a bell weather, so it could be that after a company becomes so big it looses some of it's staying power and people begin to redeploy their money in smaller companies that are growing much faster. INTC may be the next to fall from grace. No matter what happens tomorrow the stock market will do what ever it takes to make the most of everyone look like a fool! It will not surprise me if tomorrow is not the wash out and we turn within the first hour and most stocks end higher than the open if not higher for the day! Just my WAG! >VBG< Now that I say that let me have the nerve to buy! Hank

To: Zeev Hed who wrote (5382)	9/21/2000 9:18:43 PM
From: SBHX	Read Replies (2) \| Respond to of 30051

Ouch, Whatever does not kill you...leaves major scars that takes time to heal. Zeev, would you step aside on KEM and SNDK and SSTI if they took a 10% hit or would you buy? I see some sobering after market numbers on intc, ssti, sndk, rmbs, siii, nvda, alsc, jdsu. This one's going to hurt a bit. The lucky ones are down only 5%. INTC took a 22% hit --- that is a crash of epic proportions for the bluest of the blue-chip tech stocks. But it looks bad all over. Now, why is intc doing so badly this Q? Could this be the advance writing on the wall for the death knell of the PC-miracle that fueled so much of the growth in tech-stocks? Is it time to be scared again? SbH