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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (53)12/23/1999 3:01:00 PM
From: Steve Lee  Read Replies (1) of 30051
 
I intend to bail the VLNC calls too, as it looks like the recent momentum is pausing for now. My take is that if it does break 23, it is only going 3 or 4 dollars more anyway. There is just as much likelihood, IMO, of it slipping back to 18 or so.

Also, the news is out now and investors will probably be realising that the recent buying does not indicate another purchase order announcement. There could be some mileage in riding this one from 19 to 22 on an almost daily basis so next push to 22 and my calls will likely be gone.
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