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Strategies & Market Trends : Rande Is . . . HOME
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To: Bucky Katt who wrote (10684)8/11/1999 11:58:00 AM
From: American Spirit  Read Replies (2) of 57584
 
You're assuming nets have more downward movement in them after a huge drop already. AOL bounced off 80 and was just reiterated with a $200 price target by a major broker. Watch out. They may encounter resistance as they move up but they are still near their bottoms IMHO. I don't believe we'll have a "crash" after the correction we just had. It was a whopper. My portfolio went down 15% in the past two weeks and I wasn't even in nets. Dumped them just in time. But now I'll buy on any dips from here. The market wil be nervous and slow until the 24th but should rally afterward unless Greenspan signals unexpected further rate hikes. But some analysts I've read predict rate cuts later in the year. Oil is high but may have topped out. China may not devalue. The Treasury may start buying back bonds. And once the ATT-AOL snag is worked out, anything could happen. By the way I think ATT is one of the best buys now. I'm sticking with blue chips mainly.
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