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

To: Rich1 who wrote (6415)	10/18/2000 11:36:30 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Rich, you know my opinion on the Bu$$, even if it gets the whole DRAM market, I have it at "fair value" at $100 with a max pop (overvaluation) possible at about $165, but right now, I think that we have to get back above $65 to bcome neutral. The TA trend is still down, despite the massive move from the low today (short covering?). In the meanwhile I was quite happy jumping back in just under $60 ($59-7/8) for another $2 to $4 bucks under the belt if I get a chance to unload in the $62 to $64 area. It is moving like a yo-yo, as I type it is back above $62. Zeev In edit just sold the bu$$, again at $62.125. Waiting for another swoon under $60. In reedit, just sold VECO at $78.5. A nice $3.125 profit.