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To: Sam who wrote (16324)10/30/2000 10:56:42 PM
From: Zeev Hed  Read Replies (1) | Respond to of 60323
 
I agree with you Sam, taking a report from the channelling thread (a thread designed to discuss short term trades within the channel of short term movement of stocks) here is irrelevant. What might be relevant and it is only one man's opinion) is what i suggested here that buying SNDK under $50 (it was there today and could be again for the next few days) will look good in at least few weeks, with the provision that a break under the spring's low, however, should change that sentiment.

Zeev



To: Sam who wrote (16324)10/31/2000 12:47:02 AM
From: JRI  Read Replies (3) | Respond to of 60323
 
*OT* Sam, we are in agreement concerning Zeev.....I did not mean to imply that the "something wrong" was, necessarily, long-term in nature...primarily, we are all talking about what is wrong short-term (with stock price) here...but in Zeev's particular case, I just wanted to balance Dudash's post....Dudash failed to mention the completed trade (and posting)..

Zeev is right, SNDK does not look "right" technically at the moment. This could mean nothing, or it could mean something. We'll know soon enough...But I do know that some (many?) technical traders are not going near it (on the long side), until/unless it straighten out (chart creates a better pattern)...I prefer when stocks I own have solid fundamentals AND the chart looks good..