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

To: SBHX who wrote (3938)	8/2/2000 12:07:33 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

First, I do not see any "crash", 3400 is but few hundred naz points from here. A good sign of stabilization will be that we do not breach Friday's lows in the next three to four trading days (until about Monday). Entry points for SNDK, RMBS and SSTI are more difficult. Are these "long term" entries and how much loss can you accept in case you are wrong? For instance, I got into QLGC today and my stop loss is $61. I had an order in for both SSTI and SNDK from late afternoon at $57 but it never even got close, having set to myself another $5 (in this case, arbitrarily) as stop losses. But these were not for long term, only for a swing of $3 to $6 depending on the market. If you plan to hold it for few months, either get a heavily discounted price (low 50' for both SNDK and SSTI?) and about $56 for RMBS, or wait until a turn out is clearly present (the first sign, often a false one, is the presence of DHH and DHL). Zeev

To: SBHX who wrote (3938)	8/2/2000 12:08:02 AM
From: Zeev Hed	Respond to of 30051

First, I do not see any "crash", 3400 is but few hundred naz points from here. A good sign of stabilization will be that we do not breach Friday's lows in the next three to four trading days (until about Monday). Entry points for SNDK, RMBS and SSTI are more difficult. Are these "long term" entries and how much loss can you accept in case you are wrong? For instance, I got into QLGC today and my stop loss is $61. I had an order in for both SSTI and SNDK from late afternoon at $57 but it never even got close, having set to myself another $5 (in this case, arbitrarily) as stop losses. But these were not for long term, only for a swing of $3 to $6 depending on the market. If you plan to hold it for few months, either get a heavily discounted price (low 50' for both SNDK and SSTI?) and about $56 for RMBS, or wait until a turn out is clearly present (the first sign, often a false one), is the presence of DHH and DHL). Zeev