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

To: Steve Lee who wrote (7984)	11/19/2000 10:07:31 AM
From: Logain Ablar	Respond to of 30051

Steve: I'm looking at the supply demand side where as more capacity comes on line (with competitors) ASP's come down due to competitive pressures. Now where costs come down quicker than ASP's fine but I still think we need to be cautious in this space after year end. Right now the question is has the market over reacted in driving down SSTI's price or is it seeing something you and I are missing? I don't have the answer but I think its an over reaction and the stock can rally with resistances @ $22, 25 and 30ish and so far what has been pretty good support @ $18 area. My read is the stock needs to take out $25 to be safe for a while. JMO and we still need to keep a technical eye on INTC for the health of the sector. Tim