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

To: xcr600 who wrote (7072)	11/1/2000 9:26:58 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 30051

xcr: I can tell you're a man of class especially with your language acumen....."gmafb" and "bfd"......now anyone can tell you know a lot about class....about as much class as Larry B's trades.... end of discussion.... MJ

To: xcr600 who wrote (7072)	11/1/2000 9:37:34 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

xcr, it is a very long story. At the time, the holy one had a floorless, so, naturally, my point was as long as the floorless is in place, avoid it, or at best try and see the bandits strategy and play their channel, which had an unpleasant low at $4 (of course they all loaded up at $4 <g>). Then, the floorless was partially removed, a major indication that the bandits changed their mind. When the floorless out and a breakout above $7 in progress, I was on that train, and run it with few interruptions to the high $30, with a "potential of $55 to $60, if memory serves. The real anger is that I refuse to accept the "long termer's tenet", that whatever happens, you stay "long and strong". Thus after that last wrong call on the holy at $28, I said run for the hills if it breaches $26 (not a position unique to the holy one, quite a standard capital preservation method), which it did, and of course, I ran (well, under $26 since it gapped down), but today the holy one, many months later, is still at 50% of that gap down (just above $24). They are "long term loyal holders", and if the stock does not hold $11 on the next major swoon down, they'll still be loyal, and that is quite fine with me, one of these days, they might even be vindicated. I for one refuse to sit on dead money (so far for about six months?) in a position beyond a given "point of pain". I am not a hero, just a guy trying to make few shekels while preserving capital. I think the anger is simply intolerance for other's opinions. I did not realize that the poster now wanted to get into a "mine is bigger than yours" contest. I do not play that game, so, he'll have to play it alone. Bless SI for the Ignore button. Just let me know if something really useful emanates from those quarters, I may relieve that function. Good luck Zeev

To: xcr600 who wrote (7072)	11/1/2000 9:52:20 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 30051

OT: I communicate with many Valence shareholders and many share the size of their positions on the threads or at least in PM's.....I have PMed Zeev numerous times to try and establish a rapport with him but his ego, I suspect, has kept my buddy Zeev from responding..... BTW, I find your concept of class laughable...(VBG) MJ