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Zeev Hed

12/23/03 11:20 AM

#185136 RE: MarketTurmoil #185126

The trick here is how to play it, it surely is going to have a major retrench to the bottom of the box (around $16, and probably an excursion under). I already made one mistake thinking that $17 will serve as a minor barrier and had to rush back in once the big ask at $16.98 was exhausted. It retreated barely two dimes from there. I just sold it again here at $17.38 for just $.38. But fear that I'll have to jump back in if $17.50 is taken...

By the way in Post #msg-1990506 I had a typing error, the n error, the $33.65 was what was paid for IACI, BRCM was bought at $34.25. Sorry for that. Still waiting for a better price on JCOM to complete the Q.