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


To: Rande Is who wrote (13308)10/10/1999 6:46:00 PM
From: Joe Smith  Respond to of 57584
 
Out by Wednesday sounds like a great plan to me. I wouldn't milk things too far on this one. I sold some a little early but still ended up with a hoard of cash thanks to the thread... This last rally was shorts covering some too early positions. Of course, they will not jump back in immediately. Some more bullish action with shorts on sidelines and celebration of some good earnings. Everyone wanting to get in and make the quick buck. But longs will be caught leaning too far over by triple witching and by the end of the week, we'll be yawning at good earnings and talking about that last .25% again.

IMHO, a major pullback in some high fliers in the next couple of weeks. DCLK back to double dgits, ATHM back on the other side of 40. Aol looking at double-digits again.

And then of course, by November, we'll realize that the sell-off was premature. Shorts will be caught leaning too far again just like last week.

Don't get caught up in the good news, if there is one thing you can be sure of in this market, it won't last. The rally started later than the one in July amd April and I doubt that this one will have legs to last until the 15th....

PS Gold has pulled back nicely and oil is primed for a rebound...
finance.yahoo.com

Was yesterday's rebound in oil from recent lows a signal?

What's everyone think? Am I too skittish???

PS OT check out www.guru.net for a really nice computer tool...Found out about from an article last week and loving it. IT's free...



To: Rande Is who wrote (13308)10/10/1999 7:14:00 PM
From: Trumptown  Read Replies (1) | Respond to of 57584
 
Interesting list you have there...most have already made a nice move...well done

I particularly like NPNT and COVD. Hearing the pros and cons of cable vs xDSL and given the choice, I would take xDSL. NPNT seems to run sooner and further than COVD when DSL gets attention. Plus, COVD is digesting a recent secondary.

The chart and short position on HLTH are interesting...

With the recent downgrades, it looks like the bottom of the OLB's is near...TWE looks like the stand out

SR