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

To: Denice who wrote (7551)	11/9/2000 5:25:06 PM
From: mishedlo	Respond to of 30051

It is always important to re-evaluate but trying to shave a half point off of a run that big is not worth it. I tried to get my friend to sell PMCS (60% of his port) a couple weeks ago but he wanted a couple more points. When it was at 150 I told him it was going to 117 (missed the dowside big) but he wanted 160. PMCS hit 102 today and I would not touch it. Target for next year 50. BRCM is way way over-valued IMHO I made the same mistake in reverse - I wa going to buy PUTs at 225 (it hit 220) when I was thinking about it. I wanted 125 on NTAP - I believe you get the idea It works both ways. SSTI is not moving well but for something you can probably sit on, a collective "we" (I believe) like this one a lot. Earnings for next year are supposed to be $2.90 which gives this one a forward PE of about 7 with growth at 100%. It is heavily shorted however. Do they know something we do not? My favorites. SSTI RMBS CREE (do not have any but it is a favorite) GMST

To: Denice who wrote (7551)	11/9/2000 6:59:12 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Denice, I do not agree with misheldo on ANF (Abercrombie), it has just broken to a new recovery high here and is now challenging the September's intradays high barely a buck above today's close. When a stock is strong in a weak market, it most often becomes even stronger when the market turns (my reason for not selling BVEW). If it does, then $26-5/8 (the September's intraday high), should be taken out. Actually, it seems that they are eating other people lunch in the "shmate" business. Their growth is excellent, and even at today's price their PEG is under 1.00 (.8 according to Yahoo). I would not be surprised if ANF went above $30 as we approach Christmas and word of their Christmas success leaks out. Of course, if the market scares you, that is another story, but I think that by the beginning of next week (Tuesday afternoon/Wednesday morning?), we should start back up. Short term, once more we are standsing at that 3000 or so precipice, and since tomorrow may still be jiterry we might actually get another day of -1000 or worse tic, possibly setting the stage for a nasty Monday. I don't think that will happen, but the conjecture of external events (Florida) and the time of the week (its end) allows for such a scenario to develop. My reasoning against such a scenario is that we had a sharp change in sentiments (from -1350 to -24 on the tix and from 5.75 to .91 on the trin. Furthermore, this time, even the stodgier NYSE showed some panic with a tic of -1111. It is your money and you make the call... Zeev