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Strategies & Market Trends : Rande Is . . . HOME

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To: xcr600 who wrote (32418)	8/17/2000 8:00:20 PM
From: Mark Konrad	Read Replies (3) of 57584

A...yes, they warned and "A" became one of my landmines...had to sell my last position at 56 from 68 for a nifty 20% loss. I was thoroughly disgusted with it (and LU) until the price dropped so low it became worth the risk again (at 38 1/2 last week). Friday's close was 40 5/8 and on Monday morning I flagged it as an oversold buy in a new uptrend. Nearly a 50% gain now in about a week...Rah! Thump, thump, thump...aaahhheeahheeaheehaaaah (MK beats his chest and does his Tarzan call out across the jungles of Hollywood while trying to forget about ADIC....). Speaking of ADIC...my basis on 3 positions is about 13, so I'm now down about 20% if the AH quotes are any indication for tomorrow. I did sell one position at 14 1/2 on the retracement from above 15...in retrospect I should have sold them all. I read over the earnings report and looked at the numbers...bottom line is that I won't be selling any shares at 10. In fact, I'll probably buy back at least that one position tomorrow. This is a classic over-reaction, imo. All in all, a great day--MK--

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