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

To: TREND1 who wrote (23922)	8/14/2001 9:32:56 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I think we will know before the end of the week. I for one just took PDII off the table here at $53.20, for another nice gain of more than $3. Zeev

To: TREND1 who wrote (23922)	8/14/2001 10:18:35 PM
From: mishedlo	Read Replies (1) \| Respond to of 30051

Well I am fully in tune with the paradox. When Larry likes the channel I do not. Shorted BRCD at the open but only got half of it as I closed the position before I left for work. Unboxed EBAY near the high and covered 1/2 of NVDA short for a profit. The rest now underwater (temporarily). Covered 2/3 PMCS short (too early but for a profit) and bought 50 PUTs on MU at the open (OCT strike 35's). Still holding HD short and I knew that no matter how good the news 50 was top. Huge # of strike 50 calls acting as a block. Now 30 cents under water on HD short. Shorted BBY in the face of that huge ramp when it was up 3 1/2. In short - screw the channel. When it looks good it is time to reverse. M M