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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (23441)4/13/2000 12:08:00 AM
From: American Spirit  Read Replies (1) of 57584
 
UIS earnings tomorrow. Watch the story there, if any.
IBM, CPQ, LU have become value plays. Alta Vista IPO moved to the 17th. CMGI should pop even though it was a high-flier. At $70 a no-brainer. LMT filed to sell its 25% of LOR and this might invite in a big fish takeover play. Possibly MSFT if Bill doesn't have enough to focus on. MSFT also nearing value play status. Below $80 can't lose for long. PSFT another I like which rhymes with MSFT. ALmost bought both much higher and glad I didn't. Down here they are nearing steal status. COMS nearing steal status too.

Wish I could load up on these stocks. Instead, I have to sell a little into this weakness to pay some bills, then wait until my July big check to play this market much anymore. All because of a few costly timing mistakes. In this volatile market sometimes a few days makes all the difference. My triumphs in timing were smaller than my disasters. That sums it up. Due to mistakes of no more than one week have given back $75,000 of the $110,000 I made Oct - Jan. Depressing, huh? Well at least I didn't buy and hold the high-fliers. Could have been worse.

So I won't be much of a player for awhile. But I'll be baaack. A little wiser. Should have listened to Rande more and stuck to my guns more. Bebe and Anf were the ones which killed me. They took away my extra cash which I needed for leverage and to double down on crash days.

Just got back from the Caribbean. No internet where I was. Checked last Friday and thought everything was fine so I relaxed and put it out of my mind. Down $15,000 since then. costly vacation. Oh well. I've learned to take these things in stride. you play you pay.

One could get rich with cash now. Some high-fliers haven't bottomed yet but some of them have. Those are the ones to buy now when no one else is. But I think the bargains will still be there in a few months. That's probably when I'll start loading up again. And next time hopefully I'll get out while I'm ahead. Enough said. Good luck everyone.
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