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

To: Bosco who wrote (11084)	2/13/2001 5:27:34 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Right now, the environment is always sell on the news, and when it failed to get even close (in after hours) to today's high, I bailed. I would take what they give here, since the $21 area is not particularly robust, who knows how low they'll take it. I had $19 as a potential bottom, but $.06, while very nice, is less than my own optimistic$.07. I had an optimistic $.29 for this year and $.45 for next year, even if you use my optimistic numbers now and account for PE compression, the market may take SCMR to under $15 which would be a PE of 30 of my optimistic earnings two years hence, and 40 of the street's estimates ($.37). Last I saw it it was $23.5, dropping apparently, people do not like the CC. Zeev