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Strategies & Market Trends : Rande Is . . . HOME

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To: active22 who wrote (34284)	9/9/2000 2:01:07 PM
From: American Spirit	Read Replies (3) of 57584

I'm not insane. I pick my buys and take my risks. On the rallies I sell off and eliminate my margin. I wasn't even on margin at all nine days ago. I bought into the downdraft value stocks only which I follow closely. So far the bottoms have held and some have even gone up. At these prices for telco stocks I figure 5% downside risk (which I can afford) but 50% upside potential 1-3 months out. Why shouldn't WCOM go back to 45 for instance? You saw it hit bottom at 29 1/2 just like T did at its low. LU doesn't seem to be able to go under 40. UIS and NOVL are on the rise. I bought IFMX, LOR and CPWR back nicely below where I sold them ten days ago. I added more NOVL. FON I got into starting at 31 1/2 down to 29 1/2, so average $30. Hey techjnically I am at risk but I am confident that these stocks have nowhere to go but up, at least by Tuesday or so. On A WCOM for instance I just don't see the downside. Afterall it recently plummeted from 47 or so to 30. And where's the bad news? There isn't any.

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