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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (9822)1/4/2001 2:55:07 PM
From: Zeev Hed  Read Replies (2) of 30051
 
Well, Bosco, weak biotech or not, when IDPH approached $160, I had to jump, in at $160-3/16. I also reentered BRCM at $100 flat and BRCD here at $86.25. I am still much too heavy in cash at just above 50%, I need to redeploy before the day is out, but the problem is that I am not sure where this market is going, we should be stopping this retrenchment about here (2540 or so). I'll wait to see how the last hour evolves.

Zeev

In edit I just got SCMR at $39-3/4, still no CREE however. Also just got back into AMAT at $44-3/8 and NVLS at $38-3/4.

In reedit, taking a flyer on MERQ at $79.5. Also got back into QLGC at $78-3/4, NTAP at $63.5.
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