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


To: Justa Werkenstiff who wrote (28803)9/26/2001 1:59:22 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
Yes, indeed. But, I see a big chunk offered on CCMP at$52.50, got out just a penny below, covering the earlier loss from today and some change. 2 plus one minus for a net of about $1.50 on that one. Too much work for too little. However, once this market turns, CCMP could easily go to $59/$60, thus I am trying to stay in it, and will reenter again if ub $52 becomes available.

Zeev

Back in QCO at $47.70, it is behaving uite well considering the misbehavior of the market. Steve, you may want to consider covering that short on this swoon down under $48 here.



To: Justa Werkenstiff who wrote (28803)9/26/2001 2:00:55 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 30051
 
Zeev: Also, fwiw, last April the Sox retraced to within 2 points of its April 4th low (453.85) on April 9th (455.55).

What would be nice here is for the Nasdaq to close above the intraday lows (assuming we are there now) by a few percentage points.