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Strategies & Market Trends : Steve's Channelling Thread

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To: SBHX who wrote (7770)11/13/2000 6:41:59 PM
From: mishedlo  Read Replies (3) of 30051
 
Scared, I am getting slaughtered in my IRA.
But that will have to wait. I will ride it out - too late to do anything about it. My biggest positions are RMBS and SSTI as well as RMBS and SSTI calls.
Maybe I will survive.

I need to get better at trading.
Today was a good start.
I was not too greedy, and I am back in cash.
Also holding SSTI calls some underwater but bought 5 strike 17 1/2's @ 5. Could have sold them for 5 3/4 had I been nimble but at least they are not underwater.

How much lower can SSTI go?

I will play the SSTI swings, even if they are just 1/4 - 1/2 point. It is a stock I am comfortable holding.

To Zeev,
Even if you are right and EPS is way off say $190 instead of $2.90 isn't SSTI still one of the best values if not the best value out there.

What other high growth VALUE plays are there?
Anyone?
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