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


To: Trumptown who wrote (10973)8/18/1999 2:56:00 PM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
Sure. I buy gap downs on stocks with bad news. . . .the knee jerk reaction is often as overplayed as the news itself. . . . but I wouldn't give it the same odds. . . .any stock that is falling is best left until selling stops.



To: Trumptown who wrote (10973)8/18/1999 4:18:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
Don't shoot the messenger. . . I have warned caution over and over.

Some may disagree but I believe we are in the perfect setting for a bear trap on internet stocks. Such would trap those active online traders heavy in internets near today's highs. . . Then in the morning, should those same stocks see big gap downs based on the weak dollar and weakening market, there might be some real bloodshed.

I am mostly happy with my current crop, which is mostly in the broadband / telecom sector. . . they seem to show stability during turmoil. . . my only regret is not selling some ADBL and ADFC this morning when I felt I should. . . probably one of those GREED OVERRIDES.

Stop listening to your inner voice that says "take your profits" and you will surely hear your outer voice curse your loss.

Rande Is