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

To: Zeev Hed who wrote (816)4/3/2000 12:09:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Well, we are down to 4300 on the NAZ, I expect at least a bounce to 4400 here before we retest (and probably break?) this level, so I entered CDTS at $28 flat, SCON at $33.875 and RMBS at $275.5. I'll probably sell all these positions today.

Zeev

In edit, that bounce is weaker than I thought. But I'll wait to see what the lunch dipsters are going to do here.

Additional edit, got some NVLS at $50 for a bounce as well.



To: Zeev Hed who wrote (816)4/3/2000 3:27:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Well, I managed to get out few minutes back (just before the last phone call I had to handle here) from RMBS at $271, a loss of $4.5. NVLS, I could not react to its break down in time, in any event, I have a stop on it at $45, I hope it does not get "hit". Looking at getting CDTS at that crazy $25 and SCON at $30. I'll probably be in before I finish typing this at the rate this NAZ is collapsing.

Zeev


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