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


To: Zeev Hed who wrote (6382)10/17/2000 3:26:51 PM
From: GTC Trader  Read Replies (1) | Respond to of 30051
 
AOL makes new 52-week low, below 45 now.

40 looks like good support from last year.

Anyone follow this stock?

Good buy if it hits $40 area?

Looks tempting to me - HB



To: Zeev Hed who wrote (6382)10/17/2000 3:31:16 PM
From: Jdaasoc  Respond to of 30051
 
Zeev:
I have been posting on RMBS & CREE threads long enough to get the sense that a lot of longs are looking to hang on to their LT capital gains. They are seeing these two stocks fall 70% from highs but still they have significant gains to be realized. IMO Market will not get over gitters until all this locking in or taking of capital gains is through early next year.
My advise is to be slightly bearish realizing that last Thursday's closing prices could be breached for a short period of time. One can make money being short and still be able to go long on the big dip.

You just have to filter out this oil, middle east, stuff and focus on valuations.
-- NAZ still too high considering 5 yrs worth of LT profits to be taken
-- inflation worries not over but earnings will be strong due to increased productivity
-- FED will save our butts eventually if banks have a lot of problems piling up on their books.

john



To: Zeev Hed who wrote (6382)10/17/2000 5:28:38 PM
From: mishedlo  Read Replies (1) | Respond to of 30051
 
Zeev, help me out on SSTI please.
As I see the decision, it is almost all good news for SSTI,
the rest, on a minor patent that will expire next year anyway and can be designed around in 2 months. I am still holding a huge chunck, thanks to slow response at FIDO when I tried to sell the other day at 23 but was delayed almost 1.5 minutes and SSTI dropped a point in the meantime. So here I sit with a huge loss, but one that I believe will come back.

Thoughts please?