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

To: GTC Trader who wrote (4845)	9/1/2000 12:50:46 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

I would not jump into MVIS right here, it does not seems to have follow through. As for buying today for the next two days "expected rally", you got to be selective, I would buy back RDRT if it got into my range, but I would not buy just for that "expected" rally, we may be finished here and now, you got to remember, the turnips are often off by few days (they missed the May bottom by a full week!!!). I myself am now at more than 55% cash, that tells you how I feel about the market right now, I think we may have better buying opportunities withn the next two weeks. Having said all this, I just got back into SNDK because it does not come down with the rest of the market, in at $86-7/8, leaving a little on the table, I may be out at $88.5 or so the top of the current trading range, or possibly, if momentum develop, stay a while longer. Zeev Zeev