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

To: rfisher who wrote (2464)	6/15/2000 8:01:00 PM
From: Zeev Hed	Respond to of 30051

Robert, on ONT, I am not sure if the lock up will have an immediate effect, or if the effect has already been negated much earlier by shorting against the box. There is some support, but the end of the lock up should assure ample supply of stock for the next few weeks. I would use any strength to get out and redeploy elsewhere. As for RMBS I did get out at $59.25 and now have a GTC at $54.5 (just under the old $220, and $217 used to be a "bone of contention", thus placing the GTC just there). It is a somewhat risky play since a rational stop loss cannot be set, IMTO, above about $47. I'll have to use an irrational stop loss (G). Zeev