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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (68)	10/1/2000 1:48:09 AM
From: Ken W	Read Replies (1) of 8925

Good evening InSpec. If I may be so bold as to call you that. I've been lurking here all weekend and reading your links..very nice! As I'm always willing to expand horizons and learn new things, may I share a chart that I use and request any improvements that you might offer. As a disclaimer I must advise that I do hold a position in WDC and expect it to meet with considerable resistance at 6 to 6.25. My position is averaged at 5.15 on two buys. By nature I guess I'm what you would consider a channel trader. News wise WDC has recently secured a new credit facility and has in the last 3weeks or so offered nearly 6mm shares out of treasury to institutions at at 4.25% discount under average. The first 3.+ was at 3.94 and the present 2.7 is at 5.35...Oh, the chart <GGGGG> 207.61.23.98 Ken

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