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


To: GTC Trader who wrote (29368)10/3/2001 3:16:35 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
I don't know how much of a discount you would be able to get, am staying with my AMD and MU I have traded in and out few times (just pulled out another $1.70 on it today) and t as since made a new daily high, so I could easily run once it takes $20 out. It could drop back easily in a bad market here to $17.50, but I doubt it retest the lows just under $16.50. If you time horizons is two years, remember Scenario II. In the meanwhile I took a small loss on ENER here at $17.67 ($.33 loss) since I think I should be able to buy it back lower. $18 is now an overhead resistance.

Zeev

In edit EXTR went at $8.05 for $.70 profits this time.