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


To: mishedlo who wrote (3727)7/28/2000 9:54:25 AM
From: Zeev Hed  Respond to of 30051
 
misheldo, it seems that RMBS is running into a stone wall at $75 despite the Oki agreement. Longer term, this agreement indicate to me that we will see more of the same, that could put a floor on RMBS at yesterday's low of around $65/$66. Right now, I would be selling in the $73 to $75 area and buying under $70.

In the meanwhile I took a very minimal $2 profit ($64.5) on SSTI and will reenter if we go back to $60 (and seems to hold)

Zeev