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


To: Wendisman who wrote (16637)12/13/1999 1:53:00 PM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
. . . . . The market strength is certainly contagious. . .

Are all these guys going to tell their wives they are canceling their trips in order to trade an extra week? Are they saying, "sorry honey. . .will you do my holiday shopping for me. . . I have to work late this year?"

I don't know. . .somehow, it doesn't make much sense. . . yet the trading volume continues to be strong today. . . this week?

So here we are again. I mean look at Xerox, for goodness sakes. . .it puts out a terrible warning on Friday. . .and is trading up sharply today. . . I have to just throw up my hands on things like this. . .there is no predicting. . .there is no logic. . . it just is.

So I am playing some of the stocks that have been showing great strength. . . While I am not playing all of these. . . they all seem to be doing quite well. . .

WMT
RAD
TYC
GLBX
BBY
ATHM
ADAP
NTOP
PCNTF
CNQR
XACT
LPTHA
ANTC
PVII
IRSN
LPHL
CIEN
VPHM
HEAR
SGI
CORL
PFSW
MSGI

In general, these are all showing extraordinary strength today. . .with a recent history of trending upward. . .or a turnaround with volume. . . I am mostly playing these on the swing of market strength. . .but am keeping VERY tight reigns, so as to not lose a nickle of my October/November gains. The market breadth is very bad today. . .and we could be turning south ANY DAY THIS WEEK!!

As far as I am concerned. . .the market is officially living on borrowed time.

Best wishes,

Rande Is