William and ALL: . . . GIC was a big mover today. . and on the NYSE,
too. . . .I can't stop buying it. . . it is alot like buying
T. . .can never get enough. Remember we started buying GIC
down in the mid 30's?
Same thing with SGI and MIPS. . .I just keep on buying both of
them. . .when they go up, they have enormous strength, but the
sell-off are typically on weak volume.
MIPS only traded 160k today. . .and fell 3 points. STUDY:
Date VOL Last
06/16/99 555,900 31 3/4
06/17/99 212,100 32 7/16
06/18/99 95,900 33
06/21/99 848,000 38 1/2
06/22/99 777,300 42 1/2
06/23/99 545,200 39 3/4
06/24/99 119,600 39 1/2
06/25/99 150,800 39 3/8
06/28/99 85,500 39 3/8
06/29/99 235,400 43 1/8
06/30/99 613,700 47 7/8
07/01/99 160,300 45
Take a look at the volume of MIPS here. . . and yet the price
just keeps pushing forward. . . heaven help them if they ever
see a million share day. . .or get a little news. . . .
Sold all LTD, all NDB, SIEB [part], all TUNE. . . holding some cash
here for the long weekend. . . but still well positioned.
NDB dumped hard after I bailed. Still holding MMPT on spec of
something. . .no loss, no gain. . .just waiting and watching.
Bought CNET today in the 51's. . .on spec that it was oversold.
Waiting for TUNE to come back into the mid 20's here. Holding ATHM.
Waiting for DCLK to go back into the 70's. Still watching LMG.a,
BCST, BRCM, EXDS, INKT, TFSM, VRSN, ABOV, GNET, HLTH and other
smaller ones. . . looking for another wash and rinse of the
Inuts. . probably after earnings mania in July.
Don't forget that next week is Yahoo earnings report. . . if
it is good, we go right into earnings season with internets in
tow. . . if it is a disappointment. . .we run to blue chip high
techs. . . IBM, INTC, LU, MOT, T, WCOM, etc. . . . either way,
we hold everything related to set-top boxes.
I still have my A.T. and T. "Sceptre" set-top boxes. . .with
infrared remote control keypad about the size of a half sheet
of paper . . .and 1200 bps modem from 1983. . . .guess they will
be museum pieces one day.
Rande Is |
