Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (4151)	8/7/2000 1:42:49 PM
From: mishedlo	Respond to of 30051

The fact that RMBS is not participating is this rally is a bad sign IMO for RMBS longs in the short term anyway. Is that how turnips see it?

To: mishedlo who wrote (4151)	8/7/2000 1:59:01 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

To me it looks like a "churning" action, many of the stock I watch, including SCMR, QLGC and of course, RMBS, ran early to the top of their range and are now refusing to break out, the rest of the list has followed more slowly, but also seems to stall. It could be the silence before the storm, but I have just sold the ADI I bought last week at $60-3/8, hoping for the top of the say (g), and am awash with cash, so don't feel bad about "lost opportunities", the same is here. Zeev