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Strategies & Market Trends : Rande Is . . . HOME

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To: Steven Finkel who wrote (28010)	6/20/2000 9:57:00 AM
From: Rande Is	Read Replies (3) of 57584

ISLD: Steven, when I started working 2 hours before the bell, indications were around $37. . . when general pre-market opened at 8am, it traded up to 40 briefly on CNBC mention then dropped back to $38. . . before starting its climb. Each time it is mentioned on CNBC it gets a pop. . . This is typical of a momo. When it stops behaving in that manner is when we head for the exits. . . . HOWEVER, the way we trade here at HOME is to sell into momentum, unless there is compelling reason not to. . . and so far, I've not seen reason enough not to sell. . . so my limits are set. Caution. . . shorts are all over this one too. . . and will be first to grab those peaks. . . so be careful not to try to get out exactly at the top. . . my best exits have been when I have been early. . . when it simply smells like a top. Rande Is

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