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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (7598)	5/26/1999 10:24:00 AM
From: Rande Is	Read Replies (1) of 57584

. . . On Daytrades. . .and the day. . . SEVL was it's usual flash in the pan. . .bottle rocket. . . now it is short fodder. ARDM was passed over this AM on their Genentech news. CMPD had a bone density FDA approval yesterday and shot up 100+ percent. . .today it gapped up sharply. . .and ran up some. . . I was expecting it to weaken. But it didn't. For whatever reason, it keeps climbing. I am out. . .but may scalp it due to the volume strength and the percentage movements it makes. . . being an under 5 dollar play. Sure hope nobody got sucked into DIR, the DLJ IPO. It could be a great disappointment. . . 27 1/2 could be their high and they could actually close in the teens. . . .couldn't happen to a better company. When I said the SPOOS was painted higher and that it was a trap. . . keep watching. . .Nasdaq is weakening as I write. . . then the volume dries up and we slowly decline. Remember the key indicator of a bear market is NOT direction. . .it is VOLUME. Price FOLLOWS volume [or lack of it]. Rande Is

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