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Strategies & Market Trends : Steve's Channelling Thread

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To: Bosco who wrote (10570)	1/26/2001 10:18:28 AM
From: Zeev Hed	Read Replies (3) of 30051

Bosco, I see no capitulation here, look at the Tic, at worst it was -500, not very lopsided. I am as close to zero cash as possible and now am going to look at reducing exposure into the FOMC announcements next Wednesday. I just sold BRCM at $107 flat for a $17 gain since last night, that gets my deficit there to just $2. I may play it again if we get a relapse today. I doubt it will go above $110 in the next few days. I wish I could "crow" about PMCS the same way. At least QCOM, AMGN and RDRT have weathered this bump quite well. Zeev

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