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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (5420)	9/22/2000 12:29:25 PM
From: GTC Trader	Read Replies (1) of 30051

Zeev, My GTC sell of JDSU at 103 executed this morning for a $5 profit. Raising a little cash as a defensive move and locking in a rare profit. My GTC sell of SSTI at 28.5 was at least 25 cents too high, so just lowered it to 27 7/16. I see good support at 25, so yes, you may get it 10% lower, but I am not too concerned at this point of a big drop. Sold SNDK at 73 9/16 for a 6.5 point loss. Better safe than sorry, even though I like this stock and expect good things from it. Under 75 however looks dangerous, so maybe I can get back in cheaper. My portfolio is bleeding a lot less than expected and I am happy to see the Dow holding above 10,650 and the Naz holding above 3700. I hope we have seen the worst, but I did lighten the portfolio in case we get the dreaded afternoon swoon. Thanks again for your thoughts during this difficult time. Best regards - HB Edit - Just dumped SSTI at 26 15/16. Didn't like the drop below 27 without buying coming in. Can't sit and watch it, so I had to act quickly, and possibly, prematurely.

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