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


To: Kailash who wrote (16822)5/31/2001 10:29:12 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
My "count" for this counter trend move is no more than another 60 naz points to 2180, but I am not squeezing the last iota out, quite happy to take 5% or so on the trades I deployed yesterday. SCMR just went a tad under $9.60 for a 6% plus profit. EMLX went for a little more than $1.5 profit as well, and I am still trying to extricate myself with minimal losses out of MERQ which I have from $67 plus.

Zeev

In edit, well took my bitter pill on MERQ out just above $63 for $4 plus loss. You win some and you lose some. Also took a loss on VLNC which was sold just under $8 for under $.5 loss. I think that we could see it breaking $7 again. Now at 56% cash and ready if opportunity presents itself.