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

To: American Spirit who wrote (11237)	8/26/1999 8:52:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Spirit, I respectfully disagree with you on this one. The time is passed, IMO, for taking positions on the new high fliers / internets near their lows. If we want them now, we have to wait for intraday pull-backs. Those waiting for pull-backs during big leg ups. . .never got in and were passed by. And I believe those you site in your example have been passed by for good reason. .. while the leaders have been snatched and will continue to get snatched. Once a fund manager commits to a stock, he buys the same one day after day after day. I do like ANF on their catalog/E-commerce sales. . .as they contribute to the bottom line. Today's internet buyers are more selective. I wish I could say that they have an eye to PE ratios or sales ratios, but I see no evidence of that. But they are quickly making their choices on the winners for the year 2000. That is why the outpacers list keeps coming up with the same names over and over. This is a narrow rally. Whats more is that the narrow selection of winners are in very heavy volume. I believe these winners will rotate amongst themselves, but will continue to outperform the market. And like last year, many stocks will never recover. Rande Is