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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (51)	12/23/1999 2:43:00 PM
From: Steve Lee	Respond to of 30051

Just noticed CPQ having some kind of breakout, might be time for a few calls. Edit - bought CPQ Jan 30 calls (not sure of fill price, expecting 1 3/16) CPQ trading at 28 1/4, having just come through resistance, looks like next resistance is at 33 but it may make it through that judging by the massive volume.

To: Steve Lee who wrote (51)	12/23/1999 2:56:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Steve, I think that the $29 area is good support. I could kick myself for not getting out in the high 30' as I planned, but I have a mental stop loss at just under $28 to protect some profits. I think that VLNC will not get over the $23 soon, so I have bailed out this morning when the going was good (just under $22). I am planning reentry after I am back from my trip (mid January), I leave around the first and will not have access to the net, I fear. Zeev