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

To: Rich1 who wrote (15711)	5/10/2001 11:12:40 PM
From: mishedlo	Respond to of 30051

Since I am heavy in cash an prefer to play the short side, I wish it would break up and decisively enough to convince me to go long and/or reposition some puts at better prices. Look at the trading ranges AMAT 50-54 SEBL 42-47 PMCS 35-42 BEAS 33-38 BRCD 42-47 These stocks have done this repeatedly for weeks (frustrating the hell out of those not trading in and out of options). Now I finally decide to play for a bounce and we will probably fall off the probebial cliff. I personally think that with QQQ right near pain that the index will just more or less sit, while they beat the crap out of stuff that does not matter much to the index (propping up INTC MSFT CSCO as much as possible before the collapse). M