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


To: Pierre who wrote (16792)5/30/2001 5:22:10 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
I don't know, once it breached that $67, it could go into free fall, since valuation is not what is holding it up and the "Chinese" expectations" are already "in", I fear it will follow the market. If I would have been in (anf a little while there today, I had an outrageous bid just under $60), it would be only for a bounce to the $63/$65 area. I believe it will follow the Naz down, and actually, by August, I have a "potentiality" of it hitting the $35/$40 range for a short swoon down.

Zeev