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Strategies & Market Trends : Rande Is . . . HOME

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To: Kanetsu who wrote (11180)	8/24/1999 2:47:00 PM
From: Rande Is	Read Replies (1) of 57584

Fed raises 1/4 point on both funds rate and discount rate, with a neutral bias. Internets now have blue sky above. I expect some of that cash on the side to be used in a shopping spree on internet stocks of all types. But remember what we learned. Those with a BROADBAND strategy will always outperform those that do not. So CNET will outperform GNET . . .etc. I picked up some CMGI and CNET today. . . am looking at others . . and will sell a few small caps that are just taking up space. CAUTION: There will be some profit taking as some of these climb to dizzying heights. . . but I believe we will make the biggest gaps on internets on gap ups for a while.. . . no reasons for major correction until we get the China devaluation fears. GIC brokeout today. . . and I added more on the breakout. Remember the battle cry of the aggressive internet trader. . . . "buy the breakout." Rande Is

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