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Strategies & Market Trends : Steve's Channelling Thread

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To: TREND1 who wrote (17880)6/14/2001 9:45:51 AM
From: Steve Lee  Read Replies (1) of 30051
 
Have my orders in. Covering MU short at 39.75. Covering PALM at 5.5. Both based on near term support. If these levels are broken I will look at reshorting at lower prices.

Other two positions are shorts on SUNW and DCLK. I will let those run as I don't see either of these stocks going anywhere but down.

Edit, have now placed orders to cover SUNW at 15.5, DCLK at 12.0. Again both based on supports, but further away from current price.
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