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Strategies & Market Trends : Steve's Channelling Thread

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To: captain_midnite who wrote (12569)	3/13/2001 2:07:38 PM
From: Zeev Hed	Read Replies (2) of 30051

I am not sure, if the fed did not cut until now, they will probably wait until next week. In the menawhile I took a minimal 5% on CMRC again, it seems to refuse going back above 11.25, I am our at $11.14, for $.6. Short term we may drop back here in the afternoon, so I took NEWP off the table for $1 profit and will try to get back in under $34 again. Trading this very narrow channel here (g). Zeev In edit, also took a buck off VECO here at $38-15/16. we seem to stall. In reedit, back (double) in BRCM at $34 flat (just $3/4 discount) and in MERQ at $$38.25, barely a discount. I also doubled up DPMI here at $62 flat (replacing VECO for the moment). And finally got my seconf buSS under $35 here at $34.62. (I am not used to that decimal stuff yet)

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