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

To: Steven Finkel who wrote (11348)	8/30/1999 11:21:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Steven and all. . Yes, of course we have near-term strategies and we have long-term strategies. As it has been since the first day on this thread, the idea is to be the first one there to take your positions. And if you are, then the market swings often barely affect you. As such, I have not sold my original positions in LQID, MMPT, ADAP, ADFC, TUNE in the internets, etc. What I sold was my near-term or "3rd" positions. This is the final position I take, but is one that I often go in and out depending on market trends or other factors. I have kept nearly all 1st positions and have only sold a few 2nd positions, when there was plenty of profits to be made. . . and these will be the first I buy back on dips. I did sell out of ATHM, CMGI, CNET and pure internets that are especially volatile. . . with intent to buy back in a few days. So there is nothing inconsistent with the way I have laid out this sort of position trading over the months. Now on the subject of this week. If you search the words "Rande week" . . you will find perhaps a dozen references to the last week of August being very very low volume. Sting even offered some contrary discussion, which led to a small debate over the issue. My comments of course do not cause the low volume. . .but I certainly warned enough times about it. When I say volume is going to be extremely low. . . it should be understood that it means markets are going to drift lower. . . and declines will be broad based. When it starts to recover later in the week, it will be extremely narrow based. . . until the day after Labor Day. . . when money flow will be unbelievable. . . .but by then, it will be too late to take the really profitable positions, as I expect those to gap up big on Tues. As for the Outpacers list, it is true that if we were one of the lucky ones to get in near bottoms. . . like low 80's on HLIT or mid-twenties on ADAP. . .we can safely ride out this week and have an eye for long term to April. But to those that were not fortunate to snag the lows on our Outpacers. . . .I believe we will see dips this week that will offer new opportunities. . . . they still won't be as good as the lows we saw earlier in the month. . .but it gives us a chance to buy with confidence at a low enough point. . .for either near-term bounce or for long-term buy and hold. Until we are out of this easily manipulated market. . .and get some serious volume in the markets. . . we are discussing all types of trading daily. . . as opposed to focusing on swing trading, daytrading or position trading as we usually do. This I have said many times as well. So my recent comments are directed towards trading in general and not focused on any one trading style. . . until one begins working with consistency once more. As such, comments should be regarded as such. . . .Outpacers is a watch board. . .not a portfolio. . . .though I may make a port from it later this week. . . haven't decided. My rooting one way or another hardly affects the market [I hope] . . I merely call what I see. . . how others apply these comments is up to them. One more thing. . . if you miss any this week. . .there will be another opportunity around the second week of October, IMO. . . when China devalues their currency. That should set up many buying ops that could rival the best of June and August. . . . so don't say I didn't warn you. Whether you try to weather the storms or jump out at the top and buy back lower is up to you. My long-term [9-month] outlook is unchanged. . . and bullish. Rande Is