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

To: Larry Brubaker who wrote (5403)	9/22/2000 1:20:46 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Hey, Larry, are you worried about SCMR's PE, how come you have such a big position in the wobbly one, I think its PE will not decline to 950 for few quarters at least (VVVBG). By then SCMR's PE should be "only" 300 (VVBG) Zeev By the way, note how the tick is improving but the trin has gone back to 1.40, that is a divergence which in my opinion signals a relapse later in the day. In view of that, and your pointing out the outrageous PE (g),I sold SCMR here at $111-3/8, a loss of $1-5/8 on yesterday's buy. irrevolute.iuma.com