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Strategies & Market Trends : Rande Is . . . HOME

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To: Steven Finkel who wrote (6690)5/13/1999 10:10:00 AM
From: Rande Is  Read Replies (2) of 57584
 
Morning moves. . .

GIC was good for about the 4th or 5th early morning gain. . .then pull back, then it usually makes new highs later in day and closes near them.

BDE opened strong like it always does. . . then the typical morning pull back before the buying starts. . . lots of daytraders getting into BDE this time, so be alert, it will move VERY quickly today, as opposed to prior days slow moves.

PARA daytraders haven't jumped on yet, but it looks nice and strong, like accumulation mode. . . being watched by many from sidelines.

PLCOP opened 10 percent lower today on profit taking. . .this discouraged new investors and may lead to a rather uneventful day of consolidation. Consolidation is the single most important factor in a stocks upward climbing.

I am hoping BDE consolidates in the mid 9's today. . .it will be moving toward 8 probably by the time I finish writing this [tho it is mid 6's now] and I am hoping to see a peak of 10 1/4 today. Remember that this is NO LONGER JUST A POSITION TRADE. . .it is a MOMENTUM of an existing position. . .but is also a LONG TERMER> . .so I have no intention of selling all of BDE unless it hits some ridiculous number like 40, when I believe the correct pricing for it should be 19 until it gets more things rolled out.

Trade wisely.

Rande Is
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