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

To: U.B. Green who wrote (6378)	10/17/2000 2:31:46 PM
From: Zeev Hed	Respond to of 30051

Only because it is too early, and the trend at $1.67 is a little on the high side for just a retest. In a retest many stock never get to th original lows, but on my screen many do and even have gone lower. In the meanwhile, I thinned a little my position selleing SCMR at $82 (down $6 on this one) and CREE at $77.5 (ouch, down $10 on this one). I am still working under the assumption that it is a "retest" and thus am not yet panicking out of the door. As a matter of fact I just reestablished the position I sold this morning on CMRC, at $64 flat. At least this one has a nice cushion of $6. Zeev irrevolte.iuma.com