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

To: mishedlo who wrote (2029)	5/31/2000 10:06:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

I do not know if there will be profit taking all day, but RMBS is right now at the top of a trading range, unless you know that it will break out, I for one, am waiting patiently for better prices. I am assuming that this rally will continue (we really need to break back under the 3375 or so to change this short term trend), and have thus raising the equity portion slowly, bought SCMR at $88, QCOM at $69 and BRCD at $117 and SNDK at $54.5 this morning, getting me to only 30% cash. Zeev Added in edit, changed my mind and added RMBS at $191.