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

To: Larry Brubaker who wrote (923)	4/10/2000 12:34:00 PM
From: Zeev Hed	Respond to of 30051

Larry, an interesting outfit. Most of their revenues are really oil trading and distributing (terminalling and resale). Their data services division accounts for less than 10% of sales, but it is growing nicely and contributes nicely to profits. It broke to a new high, but I fear it is under the radar screen for most of the street. I'll follow it for volume activity. A good find. I sold RMBS just now at $276, a very nice ride from last week (bought at $155 or so, sold at $240 and changed my mind and jumped back at $241, that change was a good call. I also took a loss on CCRD, sold at 30.125, a loss of 2-3/8, it breached $30 last week and seems ready to breach again today. The funds can be better deployed elsewhere, maybe even in VLNC (G). They are really giving you a hard time there. I have Johnson on "Ignore", so I gather only from others' responses that he is still at his games. Good luck Zeev

To: Larry Brubaker who wrote (923)	4/10/2000 1:14:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

OK, Larry, the volume is really acting nice on this one, so I finally jumped in KAB at $6-5/8, I hate paying the top dollar of the day, but who knows where this one goes. Zeev

To: Larry Brubaker who wrote (923)	4/10/2000 1:48:00 PM
From: Zeev Hed	Respond to of 30051

Crossing 4320 on the NAZ was my signal to run for hills, started selling, here is what I got so far: SNDK at 111, ANCR $34.5, CDTS 24.75, SCON $30 XIRC, 38.5 and HAUP at $15-3/8. Of these CDTS and SCON are losses. The others, gains or even. I think I'll have to implement last week policy, don't look at the market tomorrow, until the afternoon. It seems that we are going to retest ahead of my schedule, and because we did not retrace much more than 5)%, the probabilities of a new low have increased. Zeev