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

To: Rande Is who wrote (10497)	8/5/1999 4:14:00 PM
From: steve susko	Respond to of 57584

think this is just a temperary bottom too. May be good for a few hundred dow points and then another selloff?

To: Rande Is who wrote (10497)	8/5/1999 4:28:00 PM
From: herringbone_100	Read Replies (1) \| Respond to of 57584

It's good to hear you re-state that you don't think 'the' bottom has been hit yet. I watched L2 all day on a range of high-flying internet stocks, and even a few staid ones like DGN. What I mostly saw- after our surge- was lotsa small buys and many block sells-the d. word. Last sell on HSAC was 20600 @26 15/16 (almost high of day). Thompson I-watch seemed to confirm this kind of action- These surges prob. allow big money to exit at nicer prices. This strategy just seems so blatant.... begin to have doubts... So, it helps when the more experienced confirm view on bottom not being reached. Safe only to carefully daytrade... thnx

To: Rande Is who wrote (10497)	8/5/1999 4:49:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Rande Is: Excellent post. I saw the NASDAQ tank down 64 points in the early AM but did not have the cajones to buy anything. By the end of the day I was playing the "would have, could have, should have" game about missing a great trading opportunity. However, we're barely into August and have three more weeks of interest-rate paranoia, low volume and volatility and this opportunity will repeat itself (and then some). Between now and Aug.24th, I am going to: 1. Selectively pick off individual stocks (non-internet) that have declined significantly more than other tech stocks on my tracking list (e.g., MFNX, GBLX are quite tempting at these levels). 2. Make a list of the stocks and # shares of each I want to buy. 3. Become fully invested by Aug. 23rd, one day before the Fed meeting and announcement regarding interest rates. This may be premature in some eyes, but I believe the market will begin rallying as soon as the Fed meeting is out of the way, REGARDLESS of whether there is a rate hike or not. By the time we're through most of August, the market will have already priced in a .25 point hike (and then some). If there is a rate hike, the market will stage a relief rally. If no hike, the market will spike up sharply. I do NOT see an interest hike later in the year with Y2K worries on the horizon. P.S. Just for the record, I do foresee a 1/4 point rate hike because Greenspan will realize that this will be his last opportunity in 1999 to do so. IMHO.