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

To: Zeev Hed who wrote (17465)	6/8/2001 10:33:39 PM
From: thecalculator	Read Replies (1) \| Respond to of 30051

it has gone a little lower, to $7.5, and could consolidate back to just under $10.... Longer time, I still think that a triple bagger from around $10 in a year or so is quite feasible. Do you think the 'quite feasible' triple bagger scenario is more probable than first a 24% retracement from current levels? I do not think that there is a need to rush,... What do you think one will be required to pay if inventory continues to dry up and then the buyers all show up to the door at the same time? I ask you these questions under the assumption that you, as most, are not currently aware of, nor fully grasp positive developments related to the issue. Calc

To: Zeev Hed who wrote (17465)	6/9/2001 6:54:26 PM
From: JRI	Read Replies (1) \| Respond to of 30051

Would appreciate comments....important point (I think).. In looking at the "hot stocks" from the last couple years, and also the assumed leaders going forward (BEAS, ITWO, NTAP, YHOO, BRCM, JNPR, etc).... In almost every case, the highs for this year were reached in April on heavy volume....in almost every case (I looked at about 12 top "high flyer" techs), even though we went higher in May, those stocks did not exceed their old highs....and volume on up moves in May, and this past week ('til Thursday) showed a continual decrease since the April peaks...textbook, non-confirm, no? If these COMPX studs are showing serious signs of failure, what stocks are going to lead us higher (above current resistence)? It would seem a difficult proposition given the chart patterns I'm seeing....... I am praying here for a low volume drift up into next Friday (could see some more down Monday, but I expect a turnaround on Monday)....in order to set up short positions (Zeev, I know you don't short..) All thoughts appreciated...