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

To: Steve Lee who wrote (2698)	6/23/2000 9:56:00 AM
From: Mark Johnson	Read Replies (1) \| Respond to of 30051

Hey Steve....Just sold my RMBS too...a 52 point gain whoaaaa .....gonna wait a little before I jump back in. MJ

To: Steve Lee who wrote (2698)	6/23/2000 10:03:00 AM
From: Zeev Hed	Respond to of 30051

Steve, I think that RMBS should be bound on the bottom by about $110 (I know the gap need to be filled, but not until the shorts are finished reducing their position to about 1/4 of the last reported 16 MM shares or so). Personally, I still have to make those $26 I left on the table, so I sold few minutes ago at $124 and am going to attempt to trade the range of $110 to $130 or so. Sorry to report a bad call, AVX, I got stopped out for a solid loss (bought at $29.25 and just sold at $24.25. You win some and lose some). The rest, I am going to wait, for later today, after all, "today is the day", that the turnips called for buying back in for the "Moster Summer rally". Actually, the call was for "between June 23 and June 26. I am eyeing SSTI and QLGC, as usual. I might even get into VLNC, yesterday move surely was out of the blue, and may be a prelude to a strong move above the $21.5 area. Zeev In edit, I have QLGC in at $65, it traded there, but there must have been "stock ahead of me", not in yet. APH, only another buck for a new high, then I expect a nice run.