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

To: carepedeum2000 who wrote (16495)	12/10/1999 8:55:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Carpe, we NEED a correction. Everyone WANTS a correction. However, the euphoria is addictive. I believe we will be seeing rotation today. . . for the most part, money will stay in the markets, however, it will rotate out of tech stocks for the most part, leaving the Naz underperforming the Dow. Money flow has been increasingly indicating this action. And common sense follows. Let me clarify something. Last December just about this time, we had a market correction. However, the stocks that we flagged for mutual fund money kept performing through the month of December. So on one hand, I intend on finding bargains in December. . . .I am also looking for jumping on points to those issues that are in greatest demand. Losers should have already been weeded out. . .as they will get big hits in tax loss selling. . . at the same time, internets that have yielded big money in 1999 are seen with higher risk to reward in 2000. . .so there is rotation out of many of them. . . and into those more stable and somewhat undervalued in their sectors. For instance, I expect YHOO, RNWK, EXDS types that rose near 1600 percent in 1999 could be replaced by LCOS/MSPG, LQID/HEAR and JDSU/CNXT, respectively. . . .which have not seen nearly the valuations of their mentors. A study could be [and should be] done by those with Bloomberg . . . on the money flow out of the greaters and into the lessers. . . .MUCH can be learned from such a study. We spent quite a bit of time identifying the winners of 2000. I will spend more time organizing our research over the weekend. . . and report what I find. So to better answer your question. . . yes and no. <g> Yes, I believe the markets will correct in December. .. no, I don't believe the Class of 2000 will correct much at all, and that we need to take advantage of any pullbacks, in order to get into them. Rande Is