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

To: GREENLAW4-7 who wrote (14819)	4/20/2001 6:08:05 PM
From: Zeev Hed	Respond to of 30051

I did not recommend any of these as shorts, the outright short rec' was MU in the $46/$49 area with a stop with a close above $50 (it never got there), and on this thread, I suggested for those inclined to go to the dark side that AMAT just under $52 might have the right risk rewards, but only because a stop just above $52 could be placed. Frankly, until a down trend is established or a stock is knocking against an overhead resistance (like AMAT was), shorting is not wise. The turnips scenario were quite clear as to a toping action goin on until necxt Wednesday. Sorry you got hurt, just get up from the mat to fight another day. I don't short myself, so I really am not a good source of advice on the dark side's activities... Zeev