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Strategies & Market Trends : Steve's Channelling Thread

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To: orkrious who wrote (15165)	4/30/2001 10:02:14 AM
From: Zeev Hed	Read Replies (1) of 30051

We might visit the 2200 to 2250 before we turn down, th opening here looks quite impressive. I jumped back onto the bu$$, the price a little better than the GTC I cancelled last Friday. The rationale, very close to support, thus risk can be minimized. I also bought near the opening some NMSS, I am trying to go for few short trips on that one to get "accustomed" to its trading pattern. It is selling under cash and book (corrected for about $2 of good will), but it has a large ($175 M) debenture, so that is not that great. On the other hand, if the market really move, it could breach into a new trading range. Zeev

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