Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: m1o2n3i4c5k6 who wrote (23884)	8/13/2001 9:46:31 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

As yo know I sold TARO, but I feel it has two areas of resistance right now, $41 and $44. My reason for selling is that I think that by Wednesday we start another leg down, and stocks like TARO might be dragged down as well. Since TARO has some "technical damage repair" to do, there is a chance it will drop back just under $36 and I felt I can catch it there. If I still held it, I would probably sell before the end of the day tomorrow, or if it reached $40.75. Longer term, I believe that by mid winter it should start and make new highs above $50, provided, of course, that last week's lows hold on the next decline. If these lows do not hold, look out below, there is really no serious support to the low 20'. Zeev