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

To: Rande Is who wrote (16571)	12/10/1999 10:53:00 PM
From: carepedeum2000	Respond to of 57584

i think you may be right early, but im not going short till i see the volume dry up, xerox is old stuff, they also said earnings in second half of year would be strong, the new young guns are not going to let a xerox drop slow them down, they will still be buying the dips, I'm more concerned with the proposed margin raising for the day traders, that to me is more serious temporary issue than xerox, anyway, i scalped, , 3 points on my oex calls today, so im happy, but i just dont think we are going to get a major pullback in december, which gripes me, because that could dilute the strength of january, now what is going to happen if the fund managers try to lock in their gains in january? on the flip side, all that new money coming in has to go somewhere and i dont think we have made the top for december yet ps think pcntf can be real runner next week

To: Rande Is who wrote (16571)	12/10/1999 11:42:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

I have failed as a trader. I bought XRX two days ago. It was only 10 PE. Now it's 8.5 PE. Actually I highly recvommend it when it touches its bottom which you know it will on Monday. 19 should be a great entry point. I did have several winners today though and broke even. EGRP, LOR, UIS. Only 3 out of 12 thought. UIS looks very strong. LOR will have its day. My strategy calls for patience sometimes. I may buy stocks there is no volumn or momentum in. Just have to wait. Remember last year this time I bought CIEN at $8, lots of it. And NSCP, remember that one? My two biggest winners. Unfortunately I sold CIEN at 17, NSCP at 49 and BVSN at 11. MRVC at 7, AFCI at 8, ERICY at 21, etc. The only one that's the same price now is COOL. E-commerce. But this is a different year. CIEN is at $60. So I can should just be patient or look for bargains. Or of course stocks you think are just about to pop. Look for a choppy next few weeks, then some buy opportunities, then another big rally in January. But individual stocks will act up. And some sectors are still very much down in the dumps (for no reason). DD's, oil service, financials. Software has mostly jumped already but IMRS hasn't yet. But will. Specialty retail should be very profitable by March (as always) and good entry positions are available in BEBE, ANF and URBN (my favorites). IBM conceals its value with these cautionary statements. A real bargain and very safe.