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Strategies & Market Trends : Steve's Channelling Thread

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To: GTC Trader who wrote (10481)1/24/2001 3:23:52 PM
From: Zeev Hed  Read Replies (1) of 30051
 
I have a gut feeling that Tuesday might be better as well. By the way, I am told that CPST has a lock-up for 50 MM shares coming out on February 15th (I have not checked on it personally, so, you may want to check it out yourself), since I expect that to be in the middle of a major Naz rout (well, at least this is what the turnips have been harping about for months, actually since last April <g>), between here and next Tuesday would be the right time. In the meanwhile, I am disappointed with the holy one not going through $12-5/8 and just bailed out at $11-7/8 a short while ago, only $.75 on this one, but that $12-5/8 served as barrier earlir this month when the Naz was much lower. I'll wait for reentry until latter this winter.

Zeev
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