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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (16944)	12/18/1999 10:57:00 AM
From: Rande Is	Read Replies (5) of 57584

Agreed completely, Spirit. As we bide our time waiting on certain hot issues to settle, your undervalued plays seem to be getting the attention of institutional buyers . . and MXTR was truly on fire. The disk drive sector is surely heating up and you called it last week. Drug stocks could get some window dressing in the final 2 weeks of the year. . . as fund managers trade in and out. However, I suggest strong caution, since this has been an under-performing sector in 1999. . .which could lead to heavy tax loss selling [especially on the final 2-3 days]. . .to offset the amazing gains in the tech sector. I agree also that online brokers will make a move after the first of the year. . . probably around the second week of January. Remember that January is the major earnings month for tech, etc. So mid-January will be as hot as the beaches of Rio. As for model portfolio as we approach years end. . .the way to do it is to construct your ideal portfolio based on the knowledge we have gained and whether there is evidence that large fund managers have entered. Then using technical analysis, sort out which stocks are at or near the bottoms of their trading ranges, yet getting positive money flow and near-term momentum. And on a separate list, note those issues that are breaking out of trading ranges on the top side. . . the final list is those in between. We should act on those at the tops or bottoms [depending on your personal risk tolerance]. . .and wait on those that are within their trading ranges for something to get them going [hopefully to the downside to make a buying op]. So we enter our long-term ports for 2000 a step at a time. To all: I must again pound the table on foreign high-tech and foreign manufacturing. I expect this area to show HIGHER percentage gains over the next 6 months than even the best of our high-techs. . . and that is saying a lot! We need to continue our work in identifying the best way to play these foreign areas. . . . and my vote is with a basket of about 3 or 4 carefully chosen mutual funds. Did I just say that some mutual funds would outperform our best stocks in 2000? Yup, that is what I heard my fingers tap tap tap. Now there is a prediction for someone to write down and check back with in 6 months. I am just concerned that we find the BEST handful of funds that are aggressive enough in stock selection and experienced enough not to flinch when this foreign monster starts roaring. . .remember how beaten back some of these foreign stocks are! I am open to any and all suggestions. . .but please do as much homework as you can before suggesting and make presentations complete with links and your own views on why you think a particular fund should be selected. . . . this will save us all time and effort. Thanks all. . . .and nice job on staying with those underdogs, Spirit. Rande Is

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