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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (15163)1/25/1998 2:27:00 PM
From: Judy  Respond to of 68732
 
Tim,

WIND will tank if the market tanks, let the trend reverse before taking a position.

RMBS, 37-38 is proper entry ... however IPOs historically re-visit their issue price before reaching steady state, and unfortunately this market is conducive to that.

My opinion has not changed on the market, but only for the semi and semi equipment sectors in the midterm. Prices have discounted the Asian flu, and companies cannot predict further out than six months. Sectors should be trading range bound with an upside bias for several months. Whether this is a false bottom or not as suggested by Kiri will be determined by fundamentals as yet unknown, stay tuned for forward guidance in April. Until then I am going long.

Let COHR and CYMI report this week, the subsequent price-volume action will tell you what to do. A waste of time pondering.