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

To: Bosco who wrote (8840)	12/11/2000 10:27:03 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I see a lot of stocks behaving much better, including the three in the quartet I am not in (g). I did manage to get back on the bu$$ at $51.25, but I still think it could go under $50 if the politics shift once more. The bu$$ has a strong resistance here at $55 so, this one I will probably sell for $2 to $3 profit. SCMR is doing quite well, establishing a new range above the prior resistance at $65. I also just got into GMST at $42-3/8. Slowly rebuilding the position. Look at ELON and EXDS, they are moving slowly but nicely as well. Zeev

To: Bosco who wrote (8840)	12/11/2000 2:57:08 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 30051

Zeev, what would your turnips say if the Fed cut rates on 12/19 as some pundits (e.g. on WSW on Friday) have started predicting? Note David Jones is still saying no cuts until March so the 'early rate cut' guys are very much a minority view. Still, i'm wondering how sensitive your turnips are to fundamental events. e.g. would you still expect another major bloodbath in Jan/Feb even if the Fed moves quickly to start cutting rates? I give your turnips a lot of credit. I'm still an undying optimist and bull, but you have been on target and correctly bearish more times than i care to remember.