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


To: Zeev Hed who wrote (11163)2/15/2001 11:00:50 AM
From: Rich1  Read Replies (1) | Respond to of 30051
 
You and cycle guy on same page..
He says if today is the top next week down bad..
If today not the top and we break out over the old tops(1341 S&P) it would change the trend..



To: Zeev Hed who wrote (11163)2/15/2001 11:02:47 AM
From: Zeev Hed  Respond to of 30051
 
I am paying the piper and got into the (new) quartet again, BRCD at $58.5 (double), BRCM at $88.5, EMLX at $43.125 (triple) and QLGC at $59-7/16, still leaving a lot of powder dry (about 55% cash). I also jumped back into SNDK at $27-3/4.

Zeev

In edit, BRCM and BRCD are already out at $89 and $59.5 respectively, I think I should be able to get a little discount from these lofty prices.



To: Zeev Hed who wrote (11163)2/15/2001 11:03:33 AM
From: Bosco  Respond to of 30051
 
Hi Zeev - hindsight 20/20, Individual Investor has been a good contrarian indicator. Now, it is pumping for the short side

shortinterest.com

maybe the short is in for a rude awakening. That said, maybe the mkt still wants a capitulation before the 2 trillion dollars MM funds are to be deployed. Right now, I am in a holding pattern. Just cancel my gtc sell order of QLGC, but I ve also canceled all my gtc buy orders.

best, Bosco