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


To: Bruce A. Thompson who wrote (7577)11/10/2000 11:30:42 AM
From: Zeev Hed  Read Replies (4) | Respond to of 30051
 
AMD at $19 sure look like a good price, I think, however that INTC might have a bigger bounce, maybe all the way to $50 when this market redresses, if it does. In the meanwhile, I got back into BRCD at $217.25 and BRCM at $157.125. I also pinched my nose and jumped into QLGC at $107.25.

I also tooked ELON off the table at a minor loss, when it seemed it had no umph on mini rallies. It could go to the low $20' if this market continues this way. Out at $25-7/8.

Zeev

In edit, I now see that the bu$$ just broke through $62, I can't catch those bottoms no more (g). That may mean we are going to put another leg down. So I got out of the bu$$ at $62.5, CREE at $104.125, SCMR at $64.125, BRCD at $218 and BRCM at $158.5. Just a protective measure and trying to see how low the next leg is going to be.