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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (5749)10/2/2000 1:13:31 PM
From: Zeev Hed  Read Replies (2) of 30051
 
Well, I am not happy about the way the semis (and INTC are behaving, so i started unloading these "en masse". I got out of INTC at 40-11/16. Also, I finally gave up on CYMI at $30.25, who knows, it may be available around $26 or lower soon. I also got out of LRCX at $21-11/16 (at least this one is profitable). TRKN went out at $14.125 (minor gain).

That leaves me with just above 50% cash. I do not like the fact that we are rapidly approaching the 9/22 low without a siggn of a reversal. The trnips were probably wrong and while I am not going all the way to hills, I am half way there. (g).

Zeev
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