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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (9198)	7/7/1999 8:24:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Rande Is: Regarding summer market strategy: An excellent post!! I intend to do the following: (1) Sell all stocks I own with small profits or any with losses by end of third week in July. (2) Maintain my core long positions in stocks with substantial profits to avoid the tax hit. While we will have a significant correction between now and the 4th quarter, I do not believe it will be steep enough to justify selling large winners and trying to time the market at re-entry time this fall. (3) Track and make a list of the stocks I will pounce on when the market corrects. It might be instructive to see which stocks are the most resilient (least percentile decline) during the upcoming correction -- they may be the best for long-term holdings.

To: Rande Is who wrote (9198)	7/7/1999 8:32:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

ELK GROVE VILLAGE, Ill., July 7 (Reuters) - Internet auction site operator uBid Inc. <UBID.O> said Wednesday that Allen Lenzmeier, chief financial officer of leading home appliance and electronics retailer Best Buy Co. Inc. <BBY.N>, will join its board of directors. "Having Allen join uBid's Board is an outstanding addition to our team. His experience will help guide our growth," Gregory Jones, uBid's president and chief executive officer, said in a statement. Under Lenzmeier and chief executive Richard Schulze, Minneapolis-based Best Buy has become a highly regarded retailer, consistently outperforming Wall Street's profit expectations. Lenzmeier joined Best Buy in 1984 and was named chief financial officer in 1991. Late morning Wednesday, Best Buy shares were up 5/8 at 77-7/8 after reaching a new 52-week high of 79-1/2 in early activity. uBid shares were ahead off 3/16 at 31-5/8.