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

To: Matrix_Man who wrote (907)	4/7/2000 11:51:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Yes, and I am not sure I will not get it late in May. (VBG). In the meanwhile I bought it yesterday at 215-5/8 and am looking for about a $25 swing on this. It seems that the bottom of the pre Edelstone reit ($240) is now serving as area of resistance with slight excursions above. Zeev

To: Matrix_Man who wrote (907)	4/7/2000 12:19:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Well, I expect some resistance in the $25 to $27 range on CDTS, so I just sold those at $26.5. I hope they'll give me a reentry point in the low $20' again. With this stock, one never knows. Now, let see how high they can get SCON. I also just added CCRD at $32.5, dormant but could try and play "catch up" to about $37, maybe $40. About 30% cash left, will go to about 10% to 20% cash to leave some in case an unusual swoon occur. On the other hand, once we get above 4500 on the NAZ, I will probably look for the exit again. I still have this rally as only a 62% retracement to about 4570 on the NAZ. Zeev Added in edit, RMBS just got sold for $240, $24 profit for a day and compensating for some losses taken in the last week. Now let see if this area is really a resistance and I get my $122 in a month or two (VBG).