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

To: Craig Lacy who wrote (16825)	5/31/2001 11:37:56 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

Right now we seem to have tested successfully the $10 area and I can see with the right market a move to $14. If we hold the $10 area through the August period, then I believe that some time early next year we should retest the major overhead resistance at $33. A strategy you may want to consider is trading the range here between $10 to about $14, we should stay in that range for a good three or more trips over the next few months, but, if we breach $10, take your losses, since you should be able to buy with the same money between 50% to 100% more shares if we visit the $5 to $7.5 area. Right now, I am actually long the bu$$ (bought some more yesterday) Zeev Just added NEWP here at $31.85 a nice discount from this morning exit. I'll stay with these 8 stocks probably till after the lunch hour bounce, maybe even longer if the trend stays "friendly". That reduced cash back to 40%