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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (39436)	10/24/2000 9:38:39 PM
From: bobkansas	Read Replies (1) of 57584

Hi DO ! I agree with your posts tonight regarding the market in the morning. I own some NT (thank the good Lord-not much). Of course all tech will get hit with this down draft, esp. the optical and networking sectors. This week I am all cash in my trading accounts. (I am fully invested in my long accounts) I plan to consider buying call options on gorilla stocks (not just optical related) that tank tomorrow and perhaps over the next few days. My problem and most posters of this thread's problem is jumping in the pond to go long too soon. This is a constant problem for me and is due soley to greed on my part. I have the feeling the Houses want the individual investor to give up on holding tech stocks this fall. Once most of us get convinced of this being the case...the bottom will in fact be in. When most individual traders and/or investors give up on thinking that there will be a NAZ rally to 4000 by the end of this year or early part of next year....the market will start to move on up...imho. I plan to see WHEN the brokerage houses come out with support of the optical stocks. Such may get me close to when this (short term?) bottom is in. Unless a lot of brokerage houses issue statements of support of optical stocks tomorrow...I will not be buying anything. To me...I will know how long this sell off will last e.g. one day or several...WHEN the Houses have finished their buying and THEN issue their press releases of support for the stocks that just got killed. This market does not give haircuts...it give a person their head. Feels like one is living during the French Revolution. Best regards, Bob P.S. Any thoughts from the "regulars" here would be appreciated.

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