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

To: gancho who wrote (5541)	9/26/2000 9:18:48 PM
From: Zeev Hed	Respond to of 30051

My reentry depends on the market's behavior and on VLNC action itself. I have in mind the low $15, but I'll watch and see how the stock behave first. A bad break (under 3550, very low likelihood, IMHO) could cause a break of $15 and then it is a new ball game. The one is still "trendless", tha last breakout was negated (as happened to many other stocks, like SNDK and SSTI) and that might sometimes be a harbinger of bad future tidings. I am quite happy sitting on the sidellines with about 50% cash. Zeev