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Zeev Hed

07/26/02 10:52 AM

#8704 RE: JLSegal #8693

It depends, i it can take out the $11.50 or so I may keep it for a run to $13, a major overhead resistance. I took quite a number of profitable trading swings on it so far. I took the $.40 discount on MU back in here at $19.67.

Zeev

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goodluck

07/26/02 10:53 AM

#8705 RE: JLSegal #8693

JLS,
Could you list, say, 4 or 5 (or even 2 or 3) of the 'good' companies that you are referring to in your post (i.e., good co's' w/ solid fundamentals, no debt, lots of cash, earnings well into the black, p/e near single digits w/ double digit growth, etc.). However much the market has come down, there are still a lot of stocks that are expensive out there. What we are feeling now is what the bears like Abelson felt during the rise in the 90s. Except of course, he kept asking how high can it go, and we keep asking how low can it go.

Goodluck