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

To: U.B. Green who wrote (4070)	8/4/2000 10:22:14 AM
From: Zeev Hed	Respond to of 30051

I thought we may get a bounce to the 3850 area, maybe another 50 to 100 Naz points, but I lean to think that right here is the end of this rally, I still think that we may yield all the gains of the opening by the end of the day, I already got out of the bu$, and am looking for exit points in few others. I took 10% out of WSTL (out at $16.875 just few minutes back), and slowly aiming at others. Some really bounced much less than I expected (like the four semi equip I got in yesterday), AMAT and INTC are already down, not a good sign. Zeev In edit, I just took LRCX off the table, the most anemic, just $1.5, ($23.875) not even 10%. Reedit, the other three semi-equip just went as well, BRKS at $41-5/8, CYMI at $38.5 and VECO at $72.25, all less then good trades (about $2 each, I was really looking for 10% on each). Now I feel a little more comfortable. Zeev

To: U.B. Green who wrote (4070)	8/4/2000 10:22:29 AM
From: mishedlo	Respond to of 30051

Congratulations on your purchases yesterday. If I made any I would be selling now.

To: U.B. Green who wrote (4070)	8/4/2000 10:41:36 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Bernie, I hope you sold some. So far the market is behaving just as predicted yesterday, a strong mark up in the morning and it then gives it all up. I got out earlier of SNDK at $61, for $3. I still have TFS and EXDS to get rid off from yesterday's "splurge". OOPS, EXDS just went, 49 7/8, at least this one gave me $4. TFS is not behaving right, but I got to leave something on the table or else I feel this "nakedness" being to heavy in cash (VBG). Zeev