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

To: Zeev Hed who wrote (15122)	4/27/2001 3:48:02 PM
From: GTC Trader	Read Replies (1) \| Respond to of 30051

AMAT - Glad I am not short or long and letting it whipsaw me back and forth. Good to be on sidelines. VLNC - Closed short at 5.36 for 24 cents. Better safe than sorry. Gotta manage risk/reward ratio! MU - Still short, holding for 40. SNDK - Shorted today at 25.07, with GTC buy now in for 22.07. It has moved 50 cents against me, but I suspect that 26.25 will contain it, so I am looking at almost 1/3 ratio. Thanks for all of your help! Best regards - GTC P.S. I am surprised with the impressive rally since 3:00 today, but I think Nas will stall out around here (2070).

To: Zeev Hed who wrote (15122)	4/27/2001 11:38:05 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 30051

Zeev: A recession indeed is most improbably this year with Greenie pouring on the liquidity like never before and bond yields up sharply even as as short yields fall. One interesting fact re: recessions -- we have never had a recession that was not preceded by a sharp drop in housing activity and housing continues to boom. I look for stagflation (slow growth and high inflation) this year. A recession could be in the cards next year though when Greenie may have no choice but to start hiking rates aggressively. BTW do the turnips still see NAZ 1850 by May 9?