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Strategies & Market Trends : Rande Is . . . HOME
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To: Robert who wrote (20)12/1/1998 8:05:00 PM
From: Rande Is  Read Replies (1) of 57584
 
Can't confirm, but that sounds right. Shorts pull some amazing tricks to get market to turn their favor. I got flamed for trying to sober up the Internet Manics on Sunday night and Monday morning. I tried to warn that the bears are worthy opponents. But it is often hard to see past the dollar signs in your eyes.

This is what I posted Sunday night before the blood bath of Monday. Funny thing is, if I had followed my own advice and not believed the pre-market tickers I would have easily won the Yahoo Investment Challenge and the 5,000 dollar shopping spree. . . not to mention the portfolio gains.


To: nikko (18405 )
From: Rande Is Sunday, Nov 29 1998 11:51PM ET
Reply # of 20183

I have never shorted. But I am not blind. Bears are smacking their lips just waiting to pounce on some of these internets, driving the prices back and stealing our profits.

Now I don't have any idea WHEN they will pounce or whether they will attack one stock at a time or make a concerted effort on all internets. But to stick your head in the sand would not change anything. It will happen sooner or later.

And many here that are buying internets furiously will short sell just as furiously when it turns around. As fast as these stocks go up, they can drop even faster.

All I am saying is STAY ALERT. If you are buying, then going to work and checking when you get home, then you will get what you deserve. There are some fabulous gains to be had, but you MUST sell to take a profit.

As I said before:
Stay alert when shooting fish in a barrel. For when the bears sneak up behind you they will eat you and your fish.

Rande Is
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