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Strategies & Market Trends : Rande Is . . . HOME

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To: Kevin Shea who wrote (8626)	6/24/1999 2:19:00 PM
From: Rande Is	Read Replies (2) of 57584

THREAD ALERT: : ON MARKET ACTIVITY. . . . As I stated several months ago. . . The summer doldrums consist of BROAD BASED declines. . . punctuated by NARROW RALLIES. Small caps have suffered a bear market since Jan. 1, 1999. Small caps and even micro-caps are getting slaughtered from these recent broadbased sell-offs. But the recovery will be very narrow. . .as will the July rally on High-tech High-flyer Earnings. This will leave many small issues behind at new lows. . . as they are not invited to the party. . . .be careful especially of ECommerce. I sold off many smaller caps over the past 3 weeks when they were strong. . . but my intent is to buy back the leaders. . . .I won't be looking to buy back many small caps until sometime in August or September. Holding SAMs unless I say otherwise. Buying the leading internets and leading high-techs whenever one gets singled out to drop faster than the rest. . . .also looking for target buy areas. My bait is on the bottom. . . the fish are headed that way. . .just a matter of time before the nibbling begins. As for interest rates. . . I don't believe the market is moving in FEAR of interest rates. . . .that has already been figured in, in my opinion. But rather the interest rate fears CREATE THE EXCUSE for more summer sell-offs. So we are essentially riding the fear. . .but not believing it. When we were "high" on the highs, I said that we would be dumping later this week. . . I predicted market dump for Thurs/Fri overnight. . . . . . could lead to major short covering rally on Monday. .but to take advantage. . be sure you know which issues are being shorted. . .so you can make the most of the moves. . . .check losers list for great names for clues. This is the perfect week for us all to determine our "dream portfolio" going into the winter high-tech bull market. Those great stocks we WISHED we were in . . . like CMGI, etc. we can plan to jump in on the lows. . . buy a few now. . .wait for others. . .by October, we could be holding everything we want. . going into the next seasonal hyper-rally. By sticking with the narrow leaders. . . we can swing ride them up on the rebound. . .and still have plenty of time to sell for profits. . . when/if we have even more big pullbacks. . . only to rebuy the bottoms again. Those short high-techs . . . congrats on your gains from the other side of the ball. Remember this: "When the market is stagnant, as in a true bear market. . .NOBODY makes money. But when we begin to see these wild moves up or down. . the volatility sets up opportunities for making big gains." Rande Is

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