SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Steve's Channelling Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (4567)8/25/2000 2:23:18 PM
From: GTC Trader  Read Replies (1) of 30051
 
<< As for HAUP, if it breaks $8.5, the next congestion is around $10.5, then there is some resistance around $14. In a good market, I think both targets can be reached. >>

First, congrats on EMLX and QLGC! I hope the trades stick for you.

On HAUP, today you said that it was on your danger list. It looks safe for a ride to 8. I am in at 7 3/8 with plans to see if it could take out 8 and then 8 1/2. Of course, a drop below 7 would portend a quick return to 6.

I am wondering if I should just accept a scratch trade and get out (maybe 7 1/2 to cover commissions). Ask is at 7 9/16, but so far, no takers. Bid just moved to 7 1/2.

How would you assess the risk of holding this over the weekend?

TIA -- HB

P.S. CMRC retested 52 three times and is now back to 53. So far, so good!

P.S.S. HAUP printed 7 9/16, and then quickly printed 7 5/8.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext