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

To: Paul A who wrote (2834)	6/28/2000 10:43:00 AM
From: mishedlo	Read Replies (1) \| Respond to of 30051

I bailed on sndk this am at 61 Almost did yesterday at 68 Bailed on almost all the rest of the Bu$$ at 108 Leaps as well Way to much in the market for may comfort level yesterday Probably way too much cash today Thinking of QCOM right now

To: Paul A who wrote (2834)	6/28/2000 11:00:00 AM
From: Zeev Hed	Respond to of 30051

Well, first apologies for not posting earlier, I had access problems with SI. I was not that smart, I sold today at $61.5, it "smelled bad. I also sold STTI for quite a big loss (I got out at $84 and change). As for QCOM, I'll wait to see a close under $60, a lot of support here and the marginal new low, while worrying, is just marginal, IMHO. I also got back into RMBS at $105 but I just sold it again here at $109, I got a lot of lost ground to make on this one (g). It could go to the mid $90, and if the trend changes, all the way to the mid $50', I doubt that will happen here however, so, I'll play the current downward channel. Zeev