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

To: Zeev Hed who wrote (4073)	8/4/2000 11:00:16 AM
From: mishedlo	Read Replies (2) \| Respond to of 30051

Well I bailed on some CMRC calls for a 40% loss this am but 2 days ago was a 60% loss. Still raising cash. Even more cash than before. I expect CMRC to retest 40 so why not sell? RMBS already read. RMBS will give up all gains I believe. CREE is looking week as well. What is not looking weak. I do notice that after I sold my CMRC calls they ranu up the price for a few ticks to cash in. I Missed the high but feelig better about cash. I hope to do far better than 40%. But perhaps not in this market.