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

To: Bosco who wrote (7277)	11/6/2000 12:45:24 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Right now, I will wait until the "news" effect dissipate and watch its behavior. I think that years of mismanagement in IOM may have taken their toll and it may not run like it did the first time around. I'll need to spend some time to study its potential in more detail. In the meanwhile, I see that the 3450 area is giving us a little trouble here and trying to make my mind if we are topping or not. Most of my indicators say we will continue on this thrust for at least another 200 naz points (3650 or so) before the November rally is over and before I start and take more chips off the table. I have a target of $92 or so for VTSS, but the bu$$ has some very strong counter current, maybe getting back into trading mode with th bu$$ is better. As for CDTS and SCON, they had a huge advance last week (CDTS was up 50% and SCON 30%) so I would expect a little retrenchment. Zeev Zeev