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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (23218)	4/3/2000 7:31:00 PM
From: shadowman	Read Replies (2) of 57584

My opinion, for what it's worth. I really do believe that to a large extent this tech market has been to a considerable degree manipulated by large brokerage houses and institutions (funds). Particularly over the past few months and especially the past couple of weeks. No doubt that valuations on many tech stocks have gotten ahead of themselves and were definitely getting stratospheric. But....many of the same stocks (companies) that reached these unsustainable valuations have incredible potential. Whether many or any of them will ever reach their potential and when, is subject to differing opinions. The MSFT story of the moment is just a blip. A convenient story at a convenient time. My guess is that the NASDAQ will bounce like never before...the "new" economy and the potential earnings a lot of these companies may (?) attain is enough to keep rational and irrational investors interested. Fortunately I cashed out of 80% of my stock investments last week and the week before (very lucky). My plan is to jump on what I consider to be oversold fundamentally solid tech leaders and ride this thing back up. A strategy that I believe many institutions have been following over the past couple of weeks..... drive the individual investor out of the stocks that they'd like to purchase at bargain price. The bounce may be brief before the summer doldrums set in...but my guess is that many of these oversold solid tech leaders will recover violently and quickly. I hope that not too large a percentage of individual investors have been fatally wounded by margin calls and they can live to play another day. Believe me, this is strictly a short-term view, from the hip, and just my considered opinion. No crystal ball here.

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