Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: U.B. Green who wrote (7461)	11/8/2000 11:06:29 PM
From: Zeev Hed	Respond to of 30051

Originally, I felt that was as low as we should go (50% retracement, and we did a little more)., however, a number of stocks were starting to break down, thus I had to raise cash (to about 33%). I still think that we should turn and reach about 3650 before the end of the month, but if we do not hold here at 3200 or so, I will have to once more get a new set of turnips. A number of stocks I follow held relatively well (SNDK, QLTI, BVEW to name few). But the collapse of JDSU, BRCD, BRCM as well as the bu$$ getting back under $65, worries me. If we manage to open with a trin under .80 or so and gradually go down from there, I think we should be OK and resume the ascent, if not, raise more cash, IMHO. Zeev