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

To: YxY who wrote (9859)	1/5/2001 9:52:15 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

The NAPM numbers indicated a strong acceleration in the "locking up" of the economy, not only these were five consecutive months of declines, the last one got us back to the 1991 period. There might also have been political overtones. In the meanwhile, I just sold NVLS at $40.125, not much of a gain ($1-3/8) but I feel I can get it much lower, maybe even in the $37 area. I also took a loss on the bu$$ at $42 flat. I know, I am supposed to build back my position, but I do not see the "elements" coming into place, we may have had the "early January peak a little early. Zeev