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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (15122)	4/27/2001 3:48:02 PM
From: GTC Trader	Read Replies (1) of 30051

AMAT - Glad I am not short or long and letting it whipsaw me back and forth. Good to be on sidelines. VLNC - Closed short at 5.36 for 24 cents. Better safe than sorry. Gotta manage risk/reward ratio! MU - Still short, holding for 40. SNDK - Shorted today at 25.07, with GTC buy now in for 22.07. It has moved 50 cents against me, but I suspect that 26.25 will contain it, so I am looking at almost 1/3 ratio. Thanks for all of your help! Best regards - GTC P.S. I am surprised with the impressive rally since 3:00 today, but I think Nas will stall out around here (2070).

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