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

To: Zeev Hed who wrote (14978)4/24/2001 3:57:12 PM
From: GTC Trader  Read Replies (1) | Respond to of 30051
 
MU short doing great - GTC set at 35
AMAT - closed 51.5 and 54 shorts at 52.18 yesterday for lunch money - better safe than sorry. Almost re-shorted at 54 this morning, but better safe than sorry.

RMBS - closed short at 17.27 today, a tad early !!! : ' )
VLNC - closed short this morning for $1 gain, but Datek wouldn't let me reshort around 5.5. "Can't short today".

Today, account made marginally new high for year, though still way under last year's high.

Thanks again - GTC

P.S. OT - Regarding my post on the No Clowns thread and your response. Yes, modern medicine has absolutely made major contributions to world health. However, there are some dark edges and abuses that occur, though likely by very well-educated and well-meaning professionals. I think that the over-use of vaccinations (and anti-biotics) are an example of this.



To: Zeev Hed who wrote (14978)4/24/2001 4:24:34 PM
From: Pink Minion  Read Replies (1) | Respond to of 30051
 
>>> Even AMAT proved that the move above $52 was a head fake

How do you TA read this? It broke 52 out of a 6 months sideways movement or "box" I guess. Isn't that very bullish? And didn't we have confirmation?

I've seen this pattern before. It's like once it breaks out, all shorts cover and anybody wanting get long blows their wad. Nothing's left and it goes to new lows.


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