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Strategies & Market Trends : Rande Is . . . HOME

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To: Rick Buskey who wrote (30727)	7/28/2000 11:41:33 AM
From: Rande Is	Read Replies (3) of 57584

Many times we discussed the selloff that would occur during the July Earnings. . .and that it would not end until the FOMC meeting on August 26. I've battened down the hatches and am ready for the worst. . . playing near-term shorts and holding plenty of cash for bargain core-positions on winning stocks that get haircuts for poorly timed bad news. Make no mistake. . .I plan to buy techs again by the end of the month. . . But look at the decline in the COMPX [daily] from March 27 to April 17. . . it is incredible. It is an 1800 point drop in the Nasdaq in just 3 weeks. Now look at where we are today. This is why I think we could hit 3000 or even lower this time around. And back in March when I kept saying that we were selling in April and buying in mid-August, this is what I was talking about. Until we get the Greenlight from Greenspan, there is just not enough "oomph" to get a real rally started. But once we get that promise of no more hikes in 2000, we will ROCKET northward, like nobody has ever seen before. . . breaking all records. The trick is being there before everyone else. . .and loading up with the right stocks at the best prices. Rande Is

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