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

To: Bosco who wrote (2041)5/31/2000 2:40:00 PM
From: Zeev Hed  Respond to of 30051
 
Well, I am not sure about this, it is still meeting a lot of resistance at $70 or so. In ant event, I got out of the two RMBS positions at $187 and change, still a profit, but nothing to "write home about". Looking for some laggard out there that might join in if this rally is for real, so I bought back one of our old favorites, CDTS at $8-3/4.

Zeev



To: Bosco who wrote (2041)5/31/2000 2:59:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
They clipped RMBS again, so I jumped back in at $182-3/4 again, maybe another five bucks here on this one today. I wished it showed signs of taking out that 190 area, since then the next move could be to the 205 to $217 where I see the main resistance.

Zeev


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