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


To: Crimson Ghost who wrote (11608)2/23/2001 12:11:26 PM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
First, the market is forcing me out of positions, out of RMBS at $36.5, $.5 loss. Now above 40% cash. On the other hands, I took another small profit from GMST, out at $47-7/8 ($3/4 to the good). As for AG, yes, he may react to consumer confidence numbers, not just the market, unless we get a black Monday, or if the Dow drops under 10,000 in my opinion. Of course, if we get another LTCM (someone PM'd me of rumors that a Bermuda hedge fund is in troubles), the Fed will simply add liquidity (they have been adding liquidity quite heavily in the last few days anyhow...where is it all going? To money heaven?

Zeev