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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (9952)	7/21/1999 4:16:00 PM
From: Rande Is	Read Replies (3) of 57584

Once again, I dug deeper. . .sold more long termers and positions. . .increased gold position. . .PDG, ABX and some other gold stocks. Not many good trading stocks out there. . . daytraders getting creamed on IPOs this week. Even traders that ONLY play short, went long on some IPOs and lost money. Tons of money lost on MPPP today. . . NOT BY US. . . who knows who would buy a 10 dollar stock at 100 bucks. I have even sold partial positions in our SAMs today as purely a defensive strategy for the mid-term. I will feel safer buying back when I know the turmoil has passed. If I miss a point one way or another, it does not concern me. . . .reducing risk is more important at a crossroads like this. The Nasdaq is teetering and could take a plunge yet this week. I am ALL out of high-fliers, internets and mostly out of blue chips and other long-termers. Now if I am wrong. . .then I pay. . . but if we are going to trade, then we do so with conviction. Bottom line. . . . this is not a traders market. . .but keep your hope. . .for it will all return stronger than ever before, IMO. Rande Is

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