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

To: TREND1 who wrote (17703)	6/13/2001 8:22:50 AM
From: Sabrejet	Respond to of 30051

Larry Dudash PS: Don't know how you do it, but looking forward to that 50% return in a year. I don't want to be arrogant but 50% is quite low at this point(Ha! I knew that would get you!!). You guys may be trading too many stocks, IMHO. I have a basket of about 5! That's it! I watch a stock for some time before I put it into that group. It has to become predictable. That's why I coverred my JNPR short. A change in fundamentals made it unpredictable for me EVEN on the short side. I lost the feel for how the market would react to news on it. There is now so much negativity that it was time to cover the short. BTW, I have an order in to sell my CIEN @54+. Don't see any break above 61 from here(descending triangles tell me there is a fight here and I don't think the longs will win). Any short term move up from here, I will be shorting at those levels. I agree with Zeev in that from here the upside is quite limited so I'm not getting cute. BTW, you don't have to do the chart presentations for me. I am quite capable at that sort of "thing". Sabre!