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

To: gancho who wrote (6168)	10/12/2000 7:09:00 PM
From: Logain Ablar	Respond to of 30051

gancho: Not advice just pointing out items on the chart. The last time I posted the chart was @ $14ish level after printing a quad sell signal. It moved back to 20 area but never had the volumn the earlier moves had. The company's prospects have improved but the market has gone into the S*****. Now without news you'll see low volume selling and the price will drift to $11. I think the market is now discouning the cost to ramp production and where funds will come from. Hopefully I'm wrong and the stock recovers tomorrow. Needs to get back to $15 quick. Still to much risk vs. reward. Ask Zeev for a better trade (this is not the market to be comtemplating long term investments) with entry and exit points. This is still difficult in this market. good luck.