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Strategies & Market Trends : Steve's Channelling Thread

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To: Larry Brubaker who wrote (4668)8/25/2000 2:20:11 PM
From: Zeev Hed  Read Replies (1) of 30051
 
I am loaded on RDRT, but a good entry point should be in the $6-5/8 to $6-7/8, IMHO with a short stop loss (on closing basis) at $6-3/8. As for the wine, since it is not practical, I'll go out and get a Chateau Mouton and drink it with my wife on behalf of the thread, fair enough. By the way, the EMLX/QLGC exercise of today added few gray hairs (well, where I still have some <G>), for some time there, I had Tim warning me of complete collapse, and if the release would not have been a hoax, he could have been right. What end well, is well, that small exercise increased the folio in one day by 8%, not a bad "day trade" I would say. Now, they are supposed to get both of these under $100 so I can jump back on board.

Last word on this, as I mentioned in a PM to a cyberfriend, that was no exercise in "smarts", just pure "guts" and Irish luck.

Zeev
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