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

To: Bruce A. Thompson who wrote (8704)	12/7/2000 2:57:42 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Good for you, but I am going to thin out here before the close, I just took QCOM off the table at $99.125, another little chunk, but these add up nicely. I also took a buck from QLGC at $98-3/4, I got to get used to its patterns before I stick around, but gosh, has that one fallen. Don't tell anyone, but I got in here with some holy one at $11.25, I had a bid at $11, it hit it few times, but there must have been stuff ahead of me, so I finally gave up on it. I'll double the position at $9-5-8 (I already have the GTC in) in case we do go down to the 2550 bfore the middle of next week. I think that in time, the market is going to look at the holy one more like a RMBS (but with a much smaller market potential, in lieu of a market of $30 B or so, maybe a "potential" market of $4 B). Yet, from time to time, I would expect speculative juices to run high. Right now, the top of the range is around $13.5, so that is what I am going to try and shoot for. Zeev