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


To: U.B. Green who wrote (2153)6/6/2000 2:57:00 PM
From: anandnvi  Respond to of 30051
 
Actually, I got scared out of scon a few minutes back @ 26.125 - a net gain of 3-4 bucks I think.

Zeev, I dont share your optimism of a recovery soon - there may be a small bounce at 3800 but Friday's PPI may weigh heavier. Id be glad to be proved wrong.

I see my A short is doing very well <vbg>

Anand



To: U.B. Green who wrote (2153)6/6/2000 3:02:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Well, here we are at 3800, will we make a stand or will we fail? I now have the "abandon ship" sign on. I may be wrong and whipsawed but preservation of capital is the word. CDTS and SCON are the first to go at $17 and 25-3/4.

SSTI just went out at 98.25, QLGC at $61 (a loss, I violated the "thou shall not "chase") SNDK at $67.5. QCOM at 69-7/16. JDSU at 110.5. ICUI at $19-3/8 and even WSTL went out at $19 -7/16. I am waiting for a small bounce to start selling more, if I get it.

Zeev

In edit, VLNC out at $14-5/8, and HAUP out at 11-13/16, if I would have been here this morning, this one reached my $14 target and would have been sold between $13.5 and $14, c'est la vie.