Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Lee who wrote (152)	2/3/2000 12:08:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Yes, I am looking at RMBS, the fact that it traded above $80 is significant, but I still have problems with the market in general, so I think we can get some further retest of the $73/74 area, a breach of $72 will be bad, a close above $80 bullish. As for VLNC, I just took my chips off the table again in the last hour at $32, that is $5.5 in not long a time, I think that we will retest the $28/29 area and ultimately, later this year, if the liquidity keeps flowing into the market, we may see much higher prices. I took a lousy loss of $2.5 on my CCRD (sold at $37.5 earlier this week) and am wondering if it is a good point to reenter. I'll abstain. I am still waiting for CYMI to get back into my buying range (hopefully under $55). ANCR and ONT are still in. As for AMZN, I do not know what the street is looking at, but its current valuation is $28 Billions, and it is just nothing more than a retailer. If you are in shorting mood, the rally this morning to $82 could probably be used with a sl of about $87, it might be a fast loss, but it could easily retreat to $60 and this time breach it all the way to $40 or so. I am not playing this one. Zeev