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Strategies & Market Trends : Rande Is . . . HOME

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To: mike machi who wrote (35769)	9/21/2000 7:10:05 PM
From: Rande Is	Read Replies (10) of 57584

This is definitely NOT the time to panic. That is what losers do. And even worse, snakes will TELL you to panic! Winners cut risk, re-evaluate, stand back and look at the larger picture. And when confidence returns, a winner will look for the best bargains he can find. FACT: The best time to buy techs in the past 52 weeks was between September 24th, 1999 and October 19th, 1999. . . the Nasdaq composite then was near 2700. FACT: The best day to buy techs during the prior 52 weeks was on October 8th, 1998, when the market tanked. . .the Nasdaq that day was 1400. FACT: The best day to buy techs the 52 weeks before that, was October 28th, 1997. . . that day the market tanked horribly on Asian panic. Are you beginning to see the pattern here? Before you act, be CERTAIN that your thinking corresponds with the market truths. It is always prudent to wait until the bottom is in and the coast is clear before re-establishing full positions in volatile tech stocks. This is why. Rande Is

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