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

To: Zeev Hed who wrote (21052)	7/20/2001 12:56:25 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Something is happening at CDTS, volume is rising, strange it is not rising on SCON, but I decided to reestablish SCON anyhow here (even a better "discount than CDTS) here at $5.01. Also got back into BRCD at $31.51, more than a buc discount. Similarly, got back into BRCM here at $41.36, more than %1.5 discount. EMLX at $23.89. Waing for better discounts on the other two in the quintet. Zeev In edit, BRCM just broke back under $41, I am out as well as out of the other two quintet members, BRCM, I was clipped "badly, out at $40.40, almost a buck loss, BRCD and EMLX got out with pennies gains. Also took the occasion to get out of the losing DPMI trade here at $39.50, leaving $.70 as a loss.

To: Zeev Hed who wrote (21052)	7/20/2001 2:58:25 PM
From: Jacob Snyder	Respond to of 30051

re: NVLS: NVLS trades based on bookings for semiequip, and demand for chips. It doesn't trade based on what investors think of these kind of debt offerings; that is essentially noise in the signal. 48 is an important support/resistance line for NVLS. Buy there, and you could get a quick bounce to 56. Or a quick collapse to 37. About even odds, IMO. Valuations for the semi-equips are still in bubble-land, so there is a lot of air underneath all of them. NVLS should trade at the same stock price as AMAT, but there has been a divergence lately, with NVLS higher than AMAT. The semi-equips trade in lock-step, divergences are always temporary. So, a long-AMAT/short-NVLS could be an interesting play. I hold no current position in any semiequip.