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Strategies & Market Trends : Steve's Channelling Thread

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To: Mark Johnson who wrote (4924)	9/7/2000 11:51:37 PM
From: GTC Trader	Read Replies (1) of 30051

<< been long mvis since January >> Congrats, but too bad you didn't sell ~60 in March and buy back < 30 in May. I bought ~42 in July, thinking it had bottomed. Then, without a SL, I watched it drop to 30! I was fortunate to sell on the bounce to 37 to minimize my loss, and planned to buy back in on a test of 30. The retest came, but I didn't have a GTC set (chickened out due to the weak market and unsure if 30 would hold). When MVIS stalled trying to break 43, it looked like a good short. If it retested the low 30's, I would have gone long, but it looks like it is up from here and I try not to chase stocks. Best wishes - HB

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