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

To: howto who wrote (6219)	10/12/2000 2:17:22 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Technically, it is very weak, I bought myself at $24 expecting an excellent quarterly report in few weeks. Longer term, I am on record that it could go as low as the $13 to $14 area next year. I surely did not expect that additional decline here to $20. Maybe it is related to the ME, maybe related to the rest of the sector falling apart, and maybe it is something specific to the company, I surely do not understand it. I for one, just got out at $20.25 here (loss 3.75), I would rather buy it back on an uptrend. I also bailed out of the other semi equip I had, VECO went out at $72(loss $2), LRCX at $18.25 (loss $1) and BRKS at $23-7/16(a minor gain of 7/16). Zeev irrevolute.iuma.com