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


To: SBHX who wrote (3381)7/19/2000 3:58:54 PM
From: Bosco  Read Replies (1) | Respond to of 30051
 
Hi SBH - yeah, except I bought a lot in the morning. Instant haircut :)!

best, Bosco



To: SBHX who wrote (3381)7/19/2000 6:20:10 PM
From: GTC Trader  Respond to of 30051
 
JDSU to be added to SP500 next week.

Closed at 106 3/4, down 4 9/16.

After announcement, up 18 1/4 to 125 in after hours trading.

Any thoughts anyone?



To: SBHX who wrote (3381)7/20/2000 8:36:08 PM
From: Zeev Hed  Respond to of 30051
 
SbH, I actually had $62.5 as a support (closing basis) for SNDK with a potential excursion just under $60, and accordingly I had another entry point at $61.5. I got this one and I see that SNDK bounced nicely today. Luckily, I was not in during the day, Or I might have been whipsawed. As for catching falling knives, the one I go and got "sliced" badly is CCRD, where I had an old GTC at $33.5, and I am not sure after today's action if I want it. I had some shares from $38 7/8 which "I could have should have" sold yesterday above $44, but, the strong action yesterday in facxe of a falling market fooled me to believe they will blow their earnings, well, they did not. I have to reevaluate tomorrow what todo, since they did breach my mental SL at $31.

I also got yesterday back to EXDS at $49.5 (as I believe I mentioned I would), and that is "all the falling knives" I got. Two are fine and one is a "bummer". C'est la vie". I also will have to reevaluate my XIRC position since it breached my stop at $39.

RMBS, it never got to my day order around $88 and I will remove this GTC to watch first what is the action on this one.

Zeev