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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (10710)	8/12/1999 11:33:00 AM
From: American Spirit	Read Replies (1) of 57584

Sorry, saw NEM down and assumed that was the bellweather. Don't follow gold stocks. Got burned twice in the past on them. Once one went down 35% in one day on me. Ouch. As for the bottom, I think we've seen the worst for awhile. Inflations fears dimmed a little today. Retail report strong for those stocks. Again, I believe we'll yoyo before a rally. The recent sell-off has satisfied most of the bears. I predicted two weeks atgo that $80 for AOL and MSFT was the bottom and $60 for LU. I bought Lu two days ago for $60 1/4. That to me signalled the bottom. Like you though, I admit I could be wrong. And I admit many of the small stocks remain hammered. There's just not enough money back from vacation to support a widespread rally yet. The most popular stocks go up first. I own a lot of T so what's your opinion of it? Just bought more for $48 1/2 and consider that a bargain.

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