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

To: orkrious who wrote (14735)	4/19/2001 2:23:31 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 30051

You should have done pretty well covering those stops and not getting back in on the dark side until the Naz got to the turnips' projection of 2160 (well within 30 points of that?), we are just retreating from about 5 points from that level. (VBG). I should have stayed to there as well, and my profits for this run would have been 50% higher then my January take, as it is, I thought that getting out with the same type of take as the January take was good enough. I am not sorry seeing the stock go a good 10% above my own selling points....Capital preservation is still more important to me than profit maximization. Quite happy watching this last surge from the side line. CCRD is getting back into my buying range here, yet, I am waiting patiently, since I think it may be availabl much below my original reentry target of $6.25. Zeev

To: orkrious who wrote (14735)	4/20/2001 4:28:15 AM
From: Pink Minion	Read Replies (1) \| Respond to of 30051

Sure, every day I had pain stops. Then the next day I got back in Probably allocated too much. Notice Zeev allocates in thirds (33%). Most shorters allocate less for initial positions (like 10%). I know how you feel. My bear balls are getting squeezed also. This semi run makes no sense whatsoever to me. What pisses me off was I knew we had to have a rally in the NAZ into earnings. I just couldn't imagine the semi's breaking new highs, though. I need to make a billboard for my office: The market is completely insane and high on crack in the short term. Luckily, it's right in the long run.