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


To: Rich1 who wrote (6333)10/16/2000 2:31:56 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
Well, as Carter used to say "deep in my heart, I may sin", and I was hoping for a real good run to the mid $30 or maybe even higher. It is a thinly traded stock, and if the semi equip go into a major move up from here, I expect many to go 50% above their recent lows. In practice, we have expiry this Friday, and after that we might have a short relapse (I hope that this forecast does not end up like my late August forecast when I had a "small relapse" from the 4250 or so area to just 3930...<VBG>), Thus I may sell before Friday or on Friday for whatever they give and get back in later in the month, hopefully, at a lower price.

Zeev

In edit: Is GMST halted?



To: Rich1 who wrote (6333)10/16/2000 2:47:51 PM
From: Bosco  Read Replies (2) | Respond to of 30051
 
Hi Rich - IMHO, if the mkt noses up today, it will confirm the bullish reversal on Fri. It may attract not only more buying but also sell covering.

However, I think the ME situation will be a factor in all this. If Prez Clinton can charm his way out of the minefield, not only the mkt will rally, Veep's chances will go higher and oil may go down. Of course, ideal situation only happen in the mind of an optimist :)

best, Bosco