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

To: Zeev Hed who wrote (2567)	6/19/2000 11:02:00 PM
From: xcr600	Respond to of 30051

Hi Zeev, I don't think you follow DIGL but could you take a look at the chart and wager a guess? It closed poorly in the wake of the strong naz today. btw, this one usually has a wide daily range if you're looking for something to trade. Downside is that vol can be low some days and the spreads can suck (1pt+ at times). thanks

To: Zeev Hed who wrote (2567)	6/20/2000 11:18:00 AM
From: mishedlo	Read Replies (1) \| Respond to of 30051

I think you are crazy on 3400 but I hope you are right because I bailed on everything but RMBS which I expect to be strong. Finally got access to my money in Fidelity (Sigh) would have sold all rmbs yesterday at 100 and bought back in at 90. Not much point today. Wanted to buy PWER at 60 and couldnt, RBAK at 108 and could not, CRA at 100 and could not, and IMNX at 35 and could not. All a few days ago. Have the cash out in my personal account that I need and am LHSP leaps + RMBS leaps to the good. Pathetic from where I should have been but there is nothing I can do about it now. I hate thinking like being a bear (at least right now) I expect to think like a bear in OCT. You are probably going to tell me turnips have changed and I shouldnt have sold anything. Oh well - one more day will not hurt. Would like to see at least a little selloff this afternoon.

To: Zeev Hed who wrote (2567)	6/20/2000 11:47:00 AM
From: Sam	Read Replies (1) \| Respond to of 30051

Zeev, On your speculation about the Bear coming after the elections: with both Gore and Bush now coming out with plans for investing social security money in the market in one way or another, don't you think that the resulting liquidity (or the expectations of same, since these plans will have to go through Congress first) will limit any downdraft? Of course, Uncle Al may be apoplectic about these plans, as they might threaten to build an even wider bubble, but it isn't clear to me how these things will interact. I know you're probably too busy with the market action to think much about this right now, so you can defer any answer to a less hectic time, if that would be more convenient.