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


To: Zeev Hed who wrote (1056)4/17/2000 12:34:00 PM
From: Bosco  Respond to of 30051
 
Hi Zeev - the stock market is so addictive, a friend of mine has just gone thru 2 rounds of margin calls [well, I pride myself of not using margin until last week --- alas a poor judgement as stocks could take out 2 or 3 levels of support in a single drop!] he is eager to get back into the game again! He told me he has just placed a GTC for JDSU. Luckily, upon review, his bid was just under the current level of support, and I ve convinced him to either cancel it or lower the bid even more. But this is the world we live in.

Note: I sound as though I knew what to do, but impulse buying is not foreign to me at all :)!

best, Bosco



To: Zeev Hed who wrote (1056)4/17/2000 1:26:00 PM
From: Matrix_Man  Read Replies (1) | Respond to of 30051
 
Zeev, only 20 points to go to your gtc on RMBS!

Must have been nice to ride this crash out in cash. I was not so lucky. Maybe next time. It has certainly taught me a good lesson the hard way.

My guess is a rally into the close followed by a retest of the lows later in the week. That prediction and a buck will get you a cup of coffee (cheap coffee).