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To: TREND1 who wrote (19295)2/24/2001 1:11:36 PM
From: Zeev Hed  Respond to of 60323
 
But Larry, SNDK failed to make a new low yesterday when the market was pounced down, and actually bounced quite nicely, when the market turned, a clear sign that finally, buyers are stepping to the plate. Unless you think that the SOX can drop under 500, I cannot see anywhere a target of $10, my target low is still at $19, give or take a buck of irrational desperation.

Zeev



To: TREND1 who wrote (19295)2/24/2001 6:15:18 PM
From: limtex  Read Replies (1) | Respond to of 60323
 
LD - I do not intend to buy any stocks until Nasdaq and
Wilshire 5,000 stop making new 52 week Lows


Absolutely right. I agree. In fact I have agreed with that since March last year. The only problem has been that every tiome we thought it wasa bottom it turned out not to have been.

So how will you know?

Best regards,

L



To: TREND1 who wrote (19295)2/26/2001 11:57:29 PM
From: add  Read Replies (1) | Respond to of 60323
 
Zeev,

The Funds are saying a high probability of 25 basis point cut before the meeting on the 20th or a 50 basis point cut during the meeting.

I for one believe that there will no cut before the meeting. The Fed rarely does and they used it up on Jan 3. There will be no more inter-metting cut this cycle !