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


To: Zeev Hed who wrote (23146)8/6/2001 8:46:30 PM
From: orkrious  Read Replies (3) | Respond to of 30051
 
(I was too chicken on the beginning swoon down to jump on board

I thought today would end badly with Jonathan Joseph "capitulating" on INTC. I shorted ALTR, PMCS, and some semi equips. The equips (shorted some early, some noonish) are looking good, they are weakening after that bulls..t ramp job last week. I bailed on PMCS, it just seemed too strong.

I would like your thoughts on ALTR. I got in to a decent size position around 10:30 at 31.37 when it couldn't get over 31.5. It had some large bids in the PM and closed fairly strong. I am definitely out if it gets a little over 33. I'm wondering if I should just take my lumps in the am? Thoughts?