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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Lee Allgood who wrote (14751)	3/9/1998 10:19:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

Lee: WFR is a very patient play in my opinion, as you know, I think it can still go lower, but where do you find the #2 in its industry under book? Eventually, and it may be six months, it will recover. From the four you mention, I do not follow UTR and MCHP but they both seems to be headed for new lows. CUBE is very volatile, and it too could at least retest those lows under 16. LSCC (also in strong downtrend right now) is probably the best. But I would stay away from all of these for the time being. I expect the second Asian shoe to drop and do not think that the recent low of 242 (about) in the sox will hold. Of course, you should remember that I did not think the market would make new highs above 8250 either, so take these statements for what they are worth, about two cents. Zeev