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


To: Rich1 who wrote (11351)2/20/2001 12:49:12 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
I got into AMCC just few minutes back at $39.25, there were some sizeable asks bunching up and we seem to be holding and actually recovering a little, it may be worth a run to $42 or so.

Zeev

That might not have been a smart move on AMCC, now the "asks" are bunching and barely $3/8 above my buy point. I am not staying on this one, out at $39.5 for just $.25, too dnagerous, IMTO. I also bailed from QCOM at $80.25 for a little more than $1. I'll try another reentry, maybe even closer to $78. We are also approaching the 2388 area which should serve as an overhead resistance.

In reedit, CMRC showing less "life" than I expected, jettisoned at $23-3/16, just $9/16. Better green than red.