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

To: U.B. Green who wrote (4685)	8/27/2000 11:18:04 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Well, what happened to me with QLTI was getting too excited with EMLX and QLGC and not watching it bounce back from $63-3/4, I think I got whipsawed, but if we get those 200 Naz points decline (and it still could happen, just if for no other reason to relieve a little of that overbought condition, and to instill fear that 4000 on the naz is "inpenetratable". Right now, I am more than 45% in cash and I am looking for reentries, including paying the piper on QLTI, but only under $68 or so. By the way, except of EMLX, last week, my best trading was in RDRT, and that despite of leaving 3/8 on the table, from $4 to $7.5, even with the $3/8 off, is still more than 50%. Of course, until the profit is taken, it is all "paper profit (g). QLGC was a typical DCB (20%) just because it all happened in just half an hour or so does not change the tactic, I entered it as a DCB not knowing if EMLX news was real or not, and QLGC, by association was going to suffer, if I had gone for few minutes to get some coffee, I probably would have had another 15%, but "coulda, shoulda", don't work in this game. Zeev