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Strategies & Market Trends : Rande Is . . . HOME
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To: kendall harmon who wrote (36966)10/1/2000 5:22:37 PM
From: American Spirit  Read Replies (1) of 57584
 
October sell-off has happened in September this year.
Going to be choppy but expect some sharp rallies.
I've got some big paper losses by holding through last month but notice the tech value telcos shooting up (finally) during the 100+ point sell-offs.

Also expectations have been lowered so much for stocks which have already fallen 70% from recent highs that there is little risk of missing quarters going forward. Of course this isn't true for every stock but you know which ones I like. Add LOR to that list by the way at $6 a share. Another bargain. If I had to buy five stocks though I'd load up on LU, WCOM, UIS, IBM and VZ. All their brethren qualify as well.

PS - I have to learn how to unload with small losses when I KNOW the market is going lower, then buy back cheaper. My bistake recently. Now I'm in a hole. I'm pretty damn sure I'll get my money back but I've missed out on the profit potential. I should also learn how to short maybe. Hmmm.

Anyway very comfortable holding my beaten down telcos and software stocks and would buy a ton more if I could.

Good luck everyone. Should be a pretty good October and a big November esp if Gore wins. The market likes the status quo. Gore has the slight edge now in electoral votes but anything could happen.
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