Steve's Channelling Thread Message Board

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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (6014)	10/10/2000 2:09:05 PM
From: Zeev Hed	Read Replies (2) of 30051

Rich, as I said earlier today before the market opened, I was going to call in at 10:00 and preempt my stop. By then the bu$$ was coming back from a swoon under $69, I sold on the spot at $70, taking about $1 loss. I also sold SNDK at the same time getting a minor gain ($63.25). I got lucky on SCMR which went at the same time at $91.25 for a nice $6 plus gain. I think that until we get that elusive capitulation (a tic of -1300 or worse) we will be served Chinese Torture for a faire. By the way, $62.25 is supposed to be a major support area for the bu$$, so I may try my luck again. Now let me see what has been the damage here in my absence. Zeev

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