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


To: Justa Werkenstiff who wrote (18374)6/20/2001 9:49:34 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Justa, as have stated before, the VXI and VXN by themselves are not sufficient indicators, we had a period late in 1999, just before the explosive rally (and during that rally) into the peak that the VIX was very close to 20. By the way, I just took ABMD off the table here just above $23.90 for about $.80 profits, it was heavy under water for some time yesterday, and I am thanksful for the opportunity to bail out.

Zeev