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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (17370)	12/27/1999 9:11:00 PM
From: herringbone_100	Read Replies (1) of 57584

<<I am out here on my limb again. . . . but this is the only thing that makes any sense to me. . . .and I must go with my instincts. Prior to this date. . . I suspect tech stocks will surge ahead WITHOUT many of those that have been counting on a December pullback. I believe the selloff will last into the first week of February. . . which will be the time to find the tech bargains. . . . though the word bargain will be relative, because the lows then will be HIGHER than todays highs. . . . This is not good news for traders. . . but is fine for investors.>> Rande- I am mostly cash and doing hit and run swing trades ... waited for pullback in good issues that never really came... are you saying that NOW is the time to buy these over-priced bullies, according to your above scenario? Every bone in my body rebels against buying these after such huge run-ups... and you're saying you expect them to be still higher after a sell-off then they are today?? This is insanity, but you may be right... I have to keep reminding myself that I thought the same thing about the insanity 2 years ago-- when I first heard of CMGI- I would be a multi-millionaire big time if I had held original shares I purchased then. O.K., time to re-adjust market reality again- don't want to be one of those perpetual bears that keep waiting for the 'big kahuna' all the while protesting against the insanity... there is money to be made as long as you go with the flow and keep one eye on the exit at all times. thanks for your clarifying post.

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