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Strategies & Market Trends : Steve's Channelling Thread

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To: xcr600 who wrote (2141)6/5/2000 3:29:00 PM
From: Zeev Hed  Read Replies (1) of 30051
 
xcr, you are right, not much of a break, but the next 15 minutes may be critical, and I believe it will close even lower than the current days lows on the NAZ. he sox is particularly weak. Nevertheless, I see RMBS bouncing few times against $110 refusing to get lower, but SNDK is now breaking to new daily lows under $66. I decided to get back into RMBS at $210-9/16 and SNDK at $65.75. I also got into JDSU at $107-3/8.

Zeev

Edit, reentered both CDTS and SCON at $14-5/8 and $22 respectively, and back in HAUP at the same price I sold , 11-3/8, I am impressed with its resilience through th swoon down today.
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