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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (21871)3/8/2000 12:59:00 AM
From: American Spirit  Read Replies (1) of 57584
 
For some stocks the bottom was established today. That is those which had been way down but held their own or even went up on a day like this. Bebe and Anf believe it or not were my best stocks. Though I consider dips in IBM, UIS, CPQ, WCOM and LU to be buys. SBC went up today which is an indication that the above type stocks which are tech values (Rande's favorite now) are probably the safest place to be. I didn't buy drugs today but was tempted (drug stocks that is) because they might have one more tick downward before bottoming. Maybe the quality stocks which have been bottoming for awhile will be the first to firm up and go places now. Clinton's got to do something about oil prices though. Sell off some of our reserves. Get the price back down. Other than oil we're in a non-inflationary full-employment low-growth environment. Perfect for another bull run.

Just my take. Honestly though I don't understand this market. It's the internet revolution seizing the market like riding in white-water rapids. Never know which way it's going to suddenly turn you next. Amazingly though I am not scared of this market anymore. All of my stocks I have faith in at least eventually. Let's hope for good news economically and a change of perception here. So proctor and Gamble missed. Who the hell owns that one anymore?
I got rid of my JNJ two weeks ago thank God. Value quality techs. Got to stick with them. And these quality beaten-down retailers too. Finally ready for at least a modest recovery. Good luck on the rapids everyone.
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