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Strategies & Market Trends : Rande Is . . . HOME

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To: JLS who wrote (16510)12/10/1999 11:27:00 AM
From: Rande Is  Read Replies (2) of 57584
 
SKYC back at $18 with momentum turning positive. I like that it builds increasingly higher plateaus over time. We have several others that do that. . . makes for nice looking mornings.

So far, this day is going exactly as I had predicted. . . though it doesn't seem many are following today. Nobody likes the word "selloff" . . . makes one quickly unpopular. . . yet one of the most important predictions of 1999 was calling the top in mid-April. . . when we all went cash and bought up bargains all summer long. . . remember there were many that held through and were BIG losers. . . it was an unpopular call at the time. . .

Calling the top of QCOM around $400 was terribly unpopular. . . everyone wanted it to go to $1200 I guess. It is sinking like a stone today. I'd be a buyer in the mid to upper $200's.

Calling the bull market run mid-October was seen as crazy. . . I think I was the only bull in cyberspace at the time. I guess making market predictions can be a lonely game. .<g>. . I certainly hope my call of the top of Linux plays being this mornings gap up was heeded by all. . . or the "Margin Man" will come a calling.

Rande Is
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