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

To: Sam who wrote (18814)6/26/2001 10:42:58 AM
From: Logain Ablar  Respond to of 30051
 
Sam:

EMC is the king but has some specific issues with IBM, Hatachi, HWP, LSI, SUNW providing more competition so its growth rate is slowing. I think this is what is being reflected in its price.

I'm not saying qlgc won't sell off with the market but its signaling it will go higher when the market does. Storage is still one of the tech growth sectors.

emlx compared to qlgc on the run up but emlx has pulled back around 30% (12 to 48 down to 33) while qlgc has stayed near the high.

Hey its a better sector to be in than flash memory.

Good luck

Tim



To: Sam who wrote (18814)6/26/2001 2:33:25 PM
From: Logain Ablar  Respond to of 30051
 
Sam:

Here is a PnF chart of qlgc. notice its just broken thru the bearish resistance line and above its bullish support line. Risk / reward wise this is not the type of chart where you short (like Zeev I don't short, just pointing out the trend)

stockcharts.com

For a short zeev picked on a new floorless stock the other day, maybe that is one to go after
good luck


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