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wecus

10/24/04 3:26 PM

#314020 RE: Zeev Hed #314007

>>as for IIVI, it acted quite well during the Friday maelstrom

Fridays action is exactly what makes me hesitate a bit, not only it did not really rebound but got sold into all attempts to break 33. It did not continue it's fall either but instead hoovered around until 2:22 huge volume kicked it south again.

This stock has little turnover and this alone makes it very vulnerable, resulting in a dangerous but potentially rewarding play IMO. Only thing is I've got more than enough of them lately...

Boots sound nice for the upcoming season so I will look into TBL. I know that you are fond of them so I'll let you know if I take the bait.


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10/24/04 7:23 PM

#314044 RE: Zeev Hed #314007

as well, IIVI volume spike on the swoon indicates a possible blowoff of selling