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To: MulhollandDrive who wrote (14568)1/29/1999 10:33:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
My entry point is typically a congruence of the specific stock's behavior and the market direction. Right now, I expect few more (flase)rapid ascends from the low 70' to about 80 to 82 (could really go to 87 without being bullish yet) before a "washout occurs. I must say that the low 60's is not written in blood, and it could go lower or stop the decline before. It is a pure guess. However, I would consider a price of 60 or so a very good bargain, the market taught me however (last year in CYMI, VECO and WFR for which I thought halving of the price possible and in all cases they went much lower <VBG>) that when the mood is negative enough, superb bargains are available.

Zeev