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

To: Nancy who wrote (11473)	2/21/2001 5:43:39 PM
From: Zeev Hed	Respond to of 30051

Only to $25? I can live with that, after all, during the Jan 3rd rally, i more than doubled my investment on BRCD, I can give some back (g). Of course, the differences between the two are sufficient to put a floor somewhere here around $35 (but I do have an outrageous bid for BRCD at $28 as well). Don't forget that when EMLX announced its slow down, BRCD went from about $80 to $40, already a 50% hair cut, luckily, I stayed out of most of this decline (and recovered the initial loss through a number of fast trades). Last, we are at what I consider an area which should serve as the bottom of this decline, all I am waiting for is for the sentiment indicators to go positive and ignite a nice 400/500 Naz points or so rally. On another thread, I have been criticized for forecasting a February Massacre, well, I stayed out of most of this non massacre since January third, and frankly, that mishap here with BRCD (and last week with EMLX) are "par" for the course... By the way, they have hit QLGC very hard here as well, just got some in after market at $34.375 and at $34.5. Zeev