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

To: Zeev Hed who wrote (117)	1/24/2000 2:05:00 PM
From: Steve Lee	Respond to of 30051

Yes, I think RMBS may have difficulty getting past $80. If that proves so, I will take a small profit at that point. Those calls seemed to cheap to me so I bought them, I think they were lagging the stock price as RMBS did dip low this morning but I am happy with the risk level and the support at $75 - $76. I was wondering about VLNC, I thought they had peaked at $24 so went with RMBS instead. There was a lot of volume on VLNC at around 13:40 but the price came back down. I guess you could call this one of your gravestone Doji's but on a really small timescale! I'm looking at Triby here and also maybe getting some more PCMS.

To: Zeev Hed who wrote (117)	1/24/2000 3:21:00 PM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Zeev, I'm wondering about EFCX. Every now and then they go up a few tens of percents in a day and I wish I had bought more. The momentum seems strong and the fundamentals are solid. Maybe I should buy more! What do your turnips say on this one? BTW, do you think VLNC's breakout is going to be maintained. There has been a lot of churn and some depreciation since the first hour of trading. I have great respect for your trading result's Zeev. Your buys and sells that you post as you make them are normally very timely, so if you have the time, I'd like to learn more about which indicators you use. Regards, Steve.