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Re: Zeev Hed post# 116345

Friday, 06/06/2003 5:45:59 PM

Friday, June 06, 2003 5:45:59 PM

Post# of 704041
Not that you asked,-g but I think BSTE is royally hooped Zeev. If you look at the action off the 2001 lows, it formed a bearish wedge which broke to the upside about 6 weeks ago which I took as very bullish. But since then it has come back inside that wedge and the breakout thus far smacks of a major failure. If the lower wedge line goes (the one connecting the July '02 and Feb '03 lows) I think it will be quick trip back to the all-time lows.

Diclosure, shopping for BSTE puts.

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