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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (13243)3/19/2001 11:52:47 AM
From: Zeev Hed  Read Replies (2) of 30051
 
Thanks for the PM as well, in the meanwhile, I just sold the two DPMI at $45 flat, that puts me back in the green on that one, show them MM (g). From here on, DPMI goes back to single position until they force my hand again (g). On the other hand, BRCM printed a new low under $32, nad after giving it a little time, I got out at $31-7/8 for a loss of $3-5/8, not very good.

Zeev

In edit, AMCC just broke through the day low at $21.25, out at $21.125, a big loss here since I had a position from last week at $26-5/8, I got to recover $6 on this one, but I am not in a hurry, let see how far they take it first.

Since the Naz took out last week lows, I felt it should be safer to take few more off the table, IDPH just went at $49.5 (a little profit) and VECO from this morning went at $37.25, just $1-3/8 to the good. Also took off the table NVLS at $40-3/4, barely even, leaving in CYMI for the time being, INTC making new yearly lows, not a very good sign for the sector.
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