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

To: vampire who wrote (29535)10/5/2001 9:53:50 AM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
I think that medium term ( a week or two?), that might not be such a bad play, but very short term, I do no expect us to reach the $35 level in one swoon down, but expect a rally to about $41.5 or so before selling resumes. Thus, I went against you and just bought here at $39.80. A nice $3 discount to my sell yesterday. (catching falling knives again?). Also got ack into VECO here at $26.96 and CCMP at $46.95. Also sold IDPH for a minor loss just above $52, will wait for better repositioning, DNA's problem may affect the sector.

Zeev



To: vampire who wrote (29535)10/5/2001 11:04:49 AM
From: mishedlo  Respond to of 30051
 
Good call - I was so occupied with buying a few puts taht I forgot to short the open. Sigh.

I had PDLI LOW GE picked out.
Did buy puts on BBBY LOW GE at the open.

M


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