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


To: Jason W who wrote (15318)11/19/1999 12:19:00 PM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
Jason. . by all means then. . hold your OMKT. . . . if you are a long term investor, why be concerned with the trends at all? Just hold them until April and cash them in on a new car or something.

You are obviously new around here, so I will orient you a bit. We position in and out of issues based on the coming directions and our predictions of what is to come. It is not a science. And about once out of 10 times we do miscall the markets. We are traders here, with long core positions in most of our holdings.

If I were holding OMKT, which I am not. . . I would want to do a "lock-in" of profits at this very high level by holding long and adding short. I was scoffed at by longs when I called QCOM a short at $396.50. . . they quieted down when it quickly fell to $333.00.

Rande Is