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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (10668)	8/11/1999 12:39:00 AM
From: American Spirit	Read Replies (1) of 57584

Rande, I grabbed T, LU and WCOM today at the lows. This correction should be just about over. I always said when Lu hits 60 it's done. AOL and MSFT at 80. Done. Now look at all the bargains. Careful, I know, but I noticed NEM down today which to me signals the end of the flight to safety for now. A 1/4 point rise more than priced in. Everyone on vacation but the institutions have been waiting for this. Net stocks might be the best plays selectively. But I prefer proven earners and safer plays. Blue chips and super growth stocks beaten down. The list is long but if we don't rally big in the AM I'm buying more. This market is oversold and down 12-15% or more. This isn't a repeat of last year it's everyone getting out before October. But now the "crash" has happened and while I don't expect to zoom back to highs until 2000 I do expect a 25-35% retracement. Opinion on this?

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