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Strategies & Market Trends : Rande Is . . . HOME

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To: Kevin Shea who wrote (5567)4/14/1999 4:19:00 PM
From: Rande Is  Read Replies (1) of 57584
 
. . .WHAT A DAY. . .
Sold off one-third of entire port [not including pennies, etc.]. Remember on days like this:

When a stock falls 20 percent, it must rise 25 percent to return it's value.

For this reason, the odds are in our favor to sell and buy back another day.. . even if we just buy back at the same price.

Only problem is that this rule applies when physics work correctly. But since much of it is affected by Nasdaq Market Makers and Wall Street Brokerage Houses . . . the physics of the market changes. . . where in the end. . they make most of the money.

Things will straighten out. . .this is not the end of the world. Nor is it the end of the market. . .just the party. But there will be plenty of other parties. Smaller ones. . .and bigger ones.

We now get time to re-load our guns with the next stocks that brought us fantastic gains like TUNE, BAMM, DCLK, SIEB, and the many William undervalueds. Like I have been saying over and over again. . .I am now looking at MCD, T, LU, MOT etc. . . while holding on to small cap undervalued plays.

Rande Is
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