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


To: Zeev Hed who wrote (4567)8/22/2000 12:27:58 PM
From: Jeff Guy  Read Replies (1) | Respond to of 30051
 
Zeev, probabilities of NAZ blowing through 4000 after 2:15pm est. at least temporarily?



To: Zeev Hed who wrote (4567)8/22/2000 12:33:42 PM
From: U.B. Green  Respond to of 30051
 
Zeev, Am I selling? You know I'm a much better buyer than seller. I would like to ride RMBS to 165. What I'm going to do is watch "Da Man". Of all the stocks, RMBS gets me really nervous and jittery. Now that I know I can "shake like an Autumn leaf" in August, I think I can handle it. The big question is, are you selling? <g>

Member in good standing of "The Shaken",
Bernie



To: Zeev Hed who wrote (4567)8/22/2000 12:38:05 PM
From: C  Read Replies (1) | Respond to of 30051
 
Zeev, Looks like 75 is still the key hurdle for SNDK. If it can get through and hold above 75 I would think it would be setting up to continue higher. Chart telling you anything different? Thanks.

C



To: Zeev Hed who wrote (4567)8/25/2000 2:23:18 PM
From: GTC Trader  Read Replies (1) | Respond to of 30051
 
<< As for HAUP, if it breaks $8.5, the next congestion is around $10.5, then there is some resistance around $14. In a good market, I think both targets can be reached. >>

First, congrats on EMLX and QLGC! I hope the trades stick for you.

On HAUP, today you said that it was on your danger list. It looks safe for a ride to 8. I am in at 7 3/8 with plans to see if it could take out 8 and then 8 1/2. Of course, a drop below 7 would portend a quick return to 6.

I am wondering if I should just accept a scratch trade and get out (maybe 7 1/2 to cover commissions). Ask is at 7 9/16, but so far, no takers. Bid just moved to 7 1/2.

How would you assess the risk of holding this over the weekend?

TIA -- HB

P.S. CMRC retested 52 three times and is now back to 53. So far, so good!

P.S.S. HAUP printed 7 9/16, and then quickly printed 7 5/8.