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

To: Bosco who wrote (5801)	10/3/2000 3:09:16 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Well, I am still eyeing CMRC but not jumping in to catch a falling knife, enough trying to catch QLGC at $87, I just took my loss at $84-7/8. got to preserve that capital, one of these days, there will be a buying opportunity, I hope. I also decided to take my left over RDRT at $11 off the table, a minor loss on this one of 5/16, but well compensated by the gain of 5/8 from yesterday. I'll try and get back in the low 10' or maybe even in the 9' if we develop a real decline here. Zeev In edit, they just went fishing for my outrageous bid at $63.25 on QLTI, so here it goes again. I hope that $61 or so holds, otherwise this trip can lead once more to a retrenchment all the way to $50 and change like the last time.

To: Bosco who wrote (5801)	10/3/2000 4:21:25 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 30051

Bosco: Fundamently I don't like VERT. This is more from a product standpoint. I haven't followed them closely in over a year. They will have difficulty in their makket place going forward. Time will tell if management has the ability to adapt. On CMRC it cut thru 20, 50, 100 & 200 ema's today. Just no buyers all day. It should have held 60ish the 200 ema so this is not good. If it can't bounce back tomorrow above 60 the trend is broken. Shows what happens in a bear market where supports don't hold up when there are no buyers. We still have to deal with selling from margin calls. I expect we'll see quite a bit over the next two days which should put added pressure on the market. Zeev do you think the selling will be over by Thurs. am? Tim