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Strategies & Market Trends : Steve's Channelling Thread

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To: Sabrejet who wrote (16426)5/23/2001 11:39:00 AM
From: Zeev Hed  Read Replies (2) of 30051
 
The problem with this market is not lack of liquidity, AG made sure we have ample of that one. Thus, if the market shows good resilience here at 2250, I think additional new money may come in. I am assuming that 2250 will hold, thus here at barely 6 points above, I redeployed just a little, bought back MERQ at just above $70 and QLGC just under $57, both about $3 discount to my last sale. I'll get out if we breach 2250 seriously, however.

Zeev

In edit, also just added JNPR just under $54.90 and CCMP at just above $70 (this one, while a loss earlier today, is at a nice discount of more than $3, so hopefully this loss will be recovered <g>).
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