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

To: herringbone_100 who wrote (7416)	11/8/2000 12:36:36 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Back to the market all right, I believe John was right and as soon as we see the naz' trin decline toward 1.00, it might be safe to enter. Unfortunately, when doing this, the bottom is already, thus in anticipation of that turn, I have been slowly deploying back into the market, and just minutes ago got back into GMST at $65.25. Since my last sell on this one was above $70, I don't feel too bad. I also think that the maximum downside risk is probably not much more than $2 to $3. I am also watching BRCD, it has been taken out and shot and while it is still expensive, this company has a long term chance of becoming an INTC like collosal. There is some support at around $140 and at around $115. Big chunk from where we are now ($158), but considering that we have come from about $240 just few days back, I may not wait for the $140. Zeev In edit, I just took the plunge in BRCD at $155.75. Hoping it does no go much under $150 (g)