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

To: rfisher who wrote (2182)	6/8/2000 9:19:00 PM
From: Zeev Hed	Respond to of 30051

Robert, since I left yesterday just after noon, and was concerned as to the effect an MSFT "remedy" might have on the market (particularly in view of some major overhead resistance in the 3870/3900) I sold all trading positions except SCMR and XIRC, yesterday, I was "caught" in the drift under $200 of RMBS (a gtc at 198.5). Yes I was not on the SC train today, what a shame (I had orders in at $15 and $23 respectively, which of course, never filled), but my instinct for reentry was pretty close. Most of the move, should be over for now and we should see where we "settle" before I jump back in). However, these should be watched closely, since I believe these two are going to be great beneficiary of the coming monster summer rally. Zeev