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Strategies & Market Trends : Rande Is . . . HOME

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To: Jane4IceCream who wrote (30093)	7/20/2000 12:51:32 AM
From: DlphcOracl	Read Replies (2) of 57584

Jane: Be careful about jumping back into stocks too quickly. Remember: NASDAQ has risen 40% off its late May low of 3080 in only 6-7 weeks. NASDAQ usually sells off for 4-5 consecutive days after it has hit a ST peak; IMO, it is more likely to go down to 3800 than up to 4200 from here. Patience will be rewarded; if you MUST buy, consider taking partial positions (1/3 or 1/2) tomorrow. For bargain hunters, consider: TXN, KEM, TER, ADPT. One worth tracking for later in the year: Toys-R-US (TOY). They have recently bottomed after being mismanaged for years and have a new CEO, who did stellar things with FAO Schwarz. Now that the bloom is off the rose regarding internet-based toysellers (E-Toys, etc.), I think this will regain favor late in the year near the Holiday Season. It is dirt-cheap (P/E 8 or 9) and is an early turnaround play. Finally, DMIC sold off nearly 20% today. This is a major holding in several of Kevin Landis' Firsthand Funds and in the Kopp Emerging Fund (up 68% YTD!!). Look to accumulate on continued weakness.

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