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


To: Bosco who wrote (6979)10/31/2000 8:48:02 AM
From: Zeev Hed  Read Replies (7) | Respond to of 30051
 
I know nothing about DIOD, but I'll try and look at it this afternoon. I have to leave in few minutes, but I just checked the premarket on RMBS and I see that it is currently under my outrageous GTC at $51-7/8. So, I decided to take this GTC off the table , no sense getting in front of a freight train. I'll see how far it goes, if that early breach stands in actual naz trading, we could see $45 quite fast. Furthermore that will reaffirm the long term down trend.

Zeev

In edit, I was watching this one drop all the way to the $40 to $41 range or so, freight train or not I picked up the phone and reached my friendly broker, he got me onto the bus few minutes ago at $42 flat. I have a "double up at $32 (slightly above my "old" GTC at $122 <g>). Never say "never".