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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (24952)	8/21/2001 4:08:35 PM
From: Zeev Hed	Read Replies (1) of 30051

Nothin wrong with taking profits, even if just $.15 on the bu$$ earlier (g). I have just removed that GTC at $5.65 since it seems quite obvious we are going to be hit had again tomorrow. No knowing how far is low, I replaced it with the $5.10. Not a rec', this one may still have some very hard times ahead of it. Quite happy that I bailed out just minutes before FOMC with all the day positions. The way I see it, the bounce from 1850 (1862 Friday) was much more anemic than I expected, and thus the decline will be murderous. We could have a small bounce from around 1775, but think that by the time I'll be back, that one will be taken out as well. As I have been saying since late May, cash is great. Zeev

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