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

To: Denice who wrote (8216)	11/27/2000 2:31:17 PM
From: Logain Ablar	Respond to of 30051

Denice: A lot still depends on the market. In a good market $29 should hold. The only recent positive is the recent low of $32 is higher than the May low of $29. Now as for entering a position the safe play is waiting for a buy signal @ $44. For a bounce I'd wait to see how $32 holds. Still a lot of selling in the stock and with the NAZ still weak I'd just step aside. Market is still working on valuations. I read the analyst report today, part I agree with and part I disagree with. My disagreements don't matter of course the stock reaction to the news is what counts. In this market people just run from uncertainity. The stock should remain broken until earnings release or some fundamental news changes the perception of the stock. The company is still executing its business plan and it is setting itself up to do very well in the future (thats the key word, until the future is here the market will punish it). Good luck. Tim