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

To: TREND1 who wrote (24192)	8/16/2001 11:08:10 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

MU breached $36, I am not sure about a white candle there, but we may yet get a white candle today, so MU cold as well. I still have MU at $19 as ultimate bottom in this cycle. In the meanwhile, are you goin to play TARO again? I just got in at $35.50 a little earlier, I think that the recent lows at just around these prices should hold. Also got back into IDPH at $49.50, a very nice "discount" to yesterday's sale. I did take a little more than a buck of MERQ here at $32.12 Zeev In edit, also took the rest of the quintet off the table for now, JNPR at $20.16, for only $.66 and EMLX for $20.20 for a similar gain and QLGC for $34.86, just $.46 on that one. Will try better positions later. Also took off some nice money from ZRAN out here a juast under $35 for better than $1.5 profit. Not a bad day so far, except the "Red" Bu$$ (g). Also took off the extra EXDS, the one from ysterday just above $1.41 and this morning $1.27, both at $1.35, jut reducing my cost on the existing position to under $1.77, not great luck with that one (g). In reedit, further increasing cash by seling BEAS at 17.33 for a "respectable" $.65 profit.

To: TREND1 who wrote (24192)	8/16/2001 11:24:28 AM
From: Lane Hall-Witt	Read Replies (2) \| Respond to of 30051

Some one once told me that MU knows what the general market is going to do a day in advance. Interesting observation. MU is unbelievably overvalued, but it's where all the speculative big money goes to play -- and so it probably does in fact know where the market is going a day in advance. I've been watching it today, also, wondering if it's giving off a buy signal for the general market. I don't trust the signal yet and am currently flat, but strength in MU always makes me wonder, especially when it shows green in the face of a downward revision of numbers (Pru cutting FY2002 EPS from 0.65 to 0.15). finance.yahoo.com