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

To: Steve Lee who wrote (236)	2/17/2000 11:06:00 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

Bought more RMBS at 143 15/16 and 143 1/4. Again split into 2 blocks for some reason.

To: Steve Lee who wrote (236)	2/17/2000 12:09:00 PM
From: Zeev Hed	Respond to of 30051

Steve, careful, tomorrow is expiration and a lot of people will want to see the stock down to limit their "damage". Since the volume has declined markedly, they may be able to manipulate it down. I do not see a lot of buying coming here at $140, and thus expect it to be reached, how far down, I know not, but the DOW is once more flirting with its recent low, and if it breaches, it could yield an avalanche to just around 10,000, and RMBS may go with the rest on a temporary basis, to my target of around $120. Zeev