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Strategies & Market Trends : Steve's Channelling Thread

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To: mishedlo who wrote (3205)7/14/2000 9:47:17 AM
From: Zeev Hed  Read Replies (2) of 30051
 
misheldo, I don't know, but I jumped back in just under $100 near the opening. I still think that selling into this rally here (if you are a short term trader) is wise, if you are a long termer, as I said many times wait until close to the election. In the meanwhile I also took more nice profits from SCMR, sold at $135 just now (bought two days ago at $123. Third very profitable trade in SCMR in barely a week. I must admit I feel a little naked since I am back at 40% cash much more than I want to, but I plan to get back in full force over the course of next week. This situation arose because I was given profits in too many stock (and took a loss on QLTI as well).

Zeev
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