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

To: U.B. Green who wrote (541)3/13/2000 2:49:00 PM
From: Zeev Hed  Respond to of 30051
 
Bernie, I said all last week to reenter CDTS and SCON under $50, so I just did what i preached, it so happened, SCON came up with an interesting announcement (after the opening, apparently) and thus the run. Right now, I think that in a "bad market", both can retrench again to sub $50, and frankly, I am not excited about the nature of the market rebound today, and since the DOW breached to a new low, I think we will continue in this retrenchment. Thus for the time being, "opportunistic" reentries are $57 and $62 respectively fro CDTS and SCON, meaning, used only for fast rebound, but I am waiting for sub $50 to establish more LT positions.

Zeev



To: U.B. Green who wrote (541)3/13/2000 3:47:00 PM
From: Zeev Hed  Respond to of 30051
 
Bernie, I do not like the way the market is giving up its bounce, I bailed out of ISCO at $15.75 and am looking to bail out of the just bought CDTS just under $60, I do not think that short term it will go above, I think a better reentry would be under $50.

Zeev

Added in edit, out of CDTS at $57.75.


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