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

To: byhiselo who wrote (16490)	12/10/1999 8:08:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Byhiselo, We have already begun shorting the QQQ and other baskets . . taking a defensive posturing on tech stocks. . . .some have begun shorting Linux plays. . . today would be a good time to start short Linux positions, IMO. This morning the S&P futures and Dow futures are up nicely, whereas the Nasdaq futures are down sharply. So going short the QQQ yesterday, when I called the top of tech stocks. . . was a good move. The Linux craze will run its course by noon today [probably earlier], in my opinion. I sold all my CORL yesterday. . .and am only holding a touch of SFTW into today. . . but will sell the gap. . . .if I was holding other Linux plays. .. I would be selling the gap. If I had those with lower morning volume, I'd sell the highest early morning peak. The only ones I might keep are some microcaps that were ignored prior to getting Linux news. . . as they may have increased their audience. Examples include FCM and XYBR. . . though I still intend to take some Xyberprofits on the swing position I took the minute news was released yesterday. . .while holding core position [from $1.37] long. I see no reason to hold Linux stocks into next week. . . it would surprise me if LNUX is over $200 by EOD. Best wishes, Rande Is