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

To: MulhollandDrive who wrote (12528)	3/13/2001 10:21:22 AM
From: Zeev Hed	Respond to of 30051

Hello Mrs. Peel, nice to see new faces around here. I just got stopped out at the opening of TYC and apologize for the losses to those that got in. I had a stop at $48.5 and they gapped it under that, c'est la vie. I view the CIT acquisition positively from a fundies point of view (TYC is trying to replicate Welch success story oof the las 20 years), however from a technical point of view, the $50 area broke and I have to get out. I will reconsider reetry into this one around $41/$42 if I expect the $41 area to hold. By the way, not much damage since I had built a nice $7 plus cushion on this one in previous "pre core" trades. Zeev