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Strategies & Market Trends : Rande Is . . . HOME

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To: KevinThompson who wrote (49475)	3/20/2001 5:31:13 PM
From: American Spirit	Read Replies (3) of 57584

Don't look at me, I sold this morning, didn't even think of buying. Had sell orders on every single stock I own. Caught about 25% of them. Wanted more obviously and with .75% would have gotten them. I try only to buy on "irrational" downdrafts and I wait longer for the bottom every time these days. Sometimes a day or two wrong kills your profit. At least I got out of ABDE, SCNT and LU today at daily highs and 30% above their last week lows so I can't complain too much. Re-loaded with some cash there. A few more like today and we'll be back down there in the pits again. Then I'll buy again maybe. I have my own mental targets for top tech stocks, basically when they get ridiculously oversold like LU was below 10 last friday or ADBE at 25. Helluva day and helluva over-reaction but that's typical. There would have probably been an over-reaction on the long side if .75 had been the move. All for .25. Go figure. Good move whoever shorted right before the fed call. Tommorrow looks bleak too and maybe another capitulation point coming sooner than we can imagine.

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