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

To: Densiebj who wrote (11359)	8/30/1999 6:51:00 PM
From: Trumptown	Read Replies (1) \| Respond to of 57584

I wouldn't be surprised to see it in the mid $30s soon...would be a nice setup for a significant run down the road... SR

To: Densiebj who wrote (11359)	8/30/1999 7:38:00 PM
From: Rande Is	Respond to of 57584

CapD, the idea of "timing" a stock, as a method of trading . . is that you get out near a high, after a big runup. . .and after a nice profit. . .and when you buy, it is after a selloff or dumping. . . so you know you are buying a near-term low [or better if a longer term low]. If you are holding a stock like ATHM, which has runup recently, then sold off near 43 [where I did]. . .then this bounce from 40 to 41 in the last 10 minutes of the day low volume [until the last 1 minute]. . .would barely be noticed. I think this was merely a short-covering that you saw. . . . don't be surprised to see a gap up and a move up at open tomorrow. . . then a downward movement throughout the day. My guess is that you will be able to buy it tomorrow closer to 39. This is a volatile market that is mostly manipulated, making it nearly impossible to predict the daily moves. That is why we have been extra careful. . . .many are losing money these days. . . we are attempting to be as prudent as an aggressive bull can be. Hang in there D, next week will be better weather. I was taking a call in the final 15 minutes of the day and missed the big move on HLIT. . . .which was also a short-covering spike. . .so I know how you feel. Rande Is