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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (17844)1/4/2000 2:03:00 PM
From: American Spirit  Read Replies (2) of 57584
 
Wish I had more cash. So many great stocks on sale.
Loaded up to the gills today and expect a violent turnaround any time. This correction is a good thing because it gives the bears and profit-takers the blow-out they believed in. Naz down 4% so that pretty much gives the predictors of a 5% correction their day in the sun. Now they can turn bullish again. This sell-off is climactic and irrational. But it's real and buying here is how you make money.

One sector of mine up today - DD stocks. Hmmm. Good sign

Otherwise I loaded up on BEBE (buy it now definitely), more UIS (just recommended on CNBC as a rare value), MSPG, MRK, JNJ, BMY and more ESHR. Bought so much BEBE I'm tapped out but expect it will double from its present price soon. And unlike specylatives its earnings actually merit such a move.

Good luck everyone. In a few days or weeks the stocks we buy today will show enormous gains. Don't see any downside from here with the economy so strong, no Y2K problem, etc. etc. The Fed hike is more than priced in. If you listened to CNBC today you heard a 1/4 hike is 125% priced in and a 1/2% hike is priced in 50%. And that was BEFORE today's 3-4% drop. And it's a month away and some say there won't even be a hike, especially with the market correcting itself like this.

Throw a dart at the board for a bargain here, but BEBE looks the best to me. Totally irrational sell-off.
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