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Strategies & Market Trends : Rande Is . . . HOME

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To: Bucky Katt who wrote (14672)	11/10/1999 8:07:00 PM
From: American Spirit	Read Replies (1) of 57584

Hedge, and hedge against hedge. I've got a lot of stocks I'd rather hold than dump for small gains, but it's smart to stash some cash just in case. I might also buy a little Natural Resources no-load mutual fund for a week or two. But other than that I still want to be in stocks, particularly the undervalued winners which could still move up 40% by January. Look at last year's charts and you'll see it was smartest to buy in October and November and hold until February or March rather than to get paranoid about every little re-tracing correction. So hedge with gold and cash, but hedge against that by holding your favorite stocks which you feel are still undervalued. Now what to do about my Lucent? Up 20 points in three weeks since I bought it. But 50% earnings growth. PS - Another factor to remember is that a lot of stockholders with big winners/profits aren't going to want to sell before New Years to avoid paying capital gains taxes this year. Think I'll compromise. Meanwhile looks like another decent day tomorrow judging from afterhours trading. LU for example up another 1 1/2 points after the bell. And that's a pretty good bellweather.

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