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

To: Bosco who wrote (6306)	10/13/2000 3:08:56 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

It broke the support at $57 or so, I believe, I also think that the coming rally belongs to the SOX (look at INTC and a bunch of semi equip rebounding), not so much the biotech, they will come in later. I think that after a bounce to about $60 or just under, it could resume its downtrend. It broke badly few weeks back, and that requires some repairs. Of course, that was just "a quick look". In the meanwhile, I am thinning the position a little more, and just sold RDRT for a 1/8 profit, it seems to be lagging the market a little. Maybe it needs to revisit the sub $7 territory once or twice more. I also just sold NVLS at $40-7/16 here, almost a $4 profit. On the other and, SNDK just dipped under 61 ans I used this to get back in at $60-9/16. Zeev