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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (5741)	10/2/2000 10:17:46 AM
From: Zeev Hed	Read Replies (2) of 30051

SNDK is not in a particularly strong technical positions, if you want to play it four bounces, or until the technical picture improve that is fine, that is also what I am doing, I bought it last Friday at $66-9/16 and just sold it few minutes ago for a $5 gain at $71-9/16. I also sold SSTI at $28 (a loss of $.25) but that is because they have announced a secondary, and you never know after such an announcement what the stock will do. The bu$$ also went out at a $2.25 gain at $80, since I think I can better reposition myself there either on a breakout or a retest of the current channel low near $75. Zeev

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