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

To: Logain Ablar who wrote (4621)	8/24/2000 1:37:32 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I believe that SNDK will not break through this time, I am mulling selling my own reentry, I'll wait till about 2:30 to sniff the market direction, those "stealth" rallies are the toughest to judge (G). By the way, on RDRT, after selling just under $6.75, the Jan high, I rushed back in with half the position when $6.75 was breached (at $6-13/16), and right now completed the position at $6-15/15, thus on the average I left 3/16 on the table. RDRT with now 15 MM shares traded smell like a real breakout with the potential of $10/$12, IMTO. Since $4, I left on the table 3/8, not too bad as insurance premiums go (VBG). Zeev Zeev

To: Logain Ablar who wrote (4621)	8/24/2000 3:00:07 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Well, I smell something fishy here and expect now a decline of at least 200 NAZ points, since I am not going to be able to watch the action from 3:300 on, I'll start and take off a number of positions here. QLTI broke through $67 and I just got it out an iota above this price. Loss on this trip, $1.25. As for SNDK, I just got $84.375, and I am stepping aside on this one. I have just sold CYMI here at $47.75 (plus $5 and change). I may thin a little more, but for the time being, that is enough, there is a good 50% chance my sniffing is wrong. Zeev In edit, VECO just went at $71-11/16 (only $1 profit on this) and XIRC at $31.5 ($2.5 profit). Same with CDTS which I just entered yesterday, I expected more of a bounce and I dumped it at $16 (at least a profit of $.5) That raised cash to close to 45%.