Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (2484)	6/16/2000 9:38:00 AM
From: Steve Lee	Read Replies (2) of 30051

Sold the RMBS position at the open. Couldn't let those one day gains disappear<g> Seemed to be a lot of volume on the gap and then no further headway. Of course it could go much higher today but I would rather gauge the reaction before deciding when to buy in again. Will definitely buy in again as the price should easily exceed 100 quite soon due to the ramifications of the news, and the likelihood of other DRAM makers following suit.

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