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

To: Rande Is who wrote (16941)	12/17/1999 5:50:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

I found great buys today all over the place: - DD sector heating up for continued strong upward momentum (Mxtr to 7 after hours, raising DD prices, rumors of consolidation. WDC, HDD, KMAG all have huge upside potential and make quick up moves. Get 'em low and just be patient.) - Specialty retailers cheap here and should move up quickly after new years at least, bought URBN, BEBE and ANF today. - Drugs beaten down MRK surprisingly cheap. Watching JNJ, LLY and BMY if they do down further. Drug stocks always come back into favor. Trading them has been profitable, though holding them has not. - Software- got a great buy at low on TSK today, IMRS a bargain. - Dogs like BSX, XRX hitting lows - EGRP and SCH probably at lows. OLB's have got to make another move soon. Ditto certain financials. - Some big telcos reasonable now, I'm watching T and SBC. All in all a great buying day and a nice up day for me. This market is amazing. Trading ranges on certain stocks are short-term predictable. Lots of 10-25% profits can be taken as they dip one by one, sector after sector, every day a new story. Question is - what model portfolio do you want going through new years? With many at peaks, I think they will sell off first thing after new year (tax motivated) before they go any higher while the dogs will recover nicely. Of course not all dogs are created equal. But some of the best money will made in stocks which no one has wanted lately. And tax-selling will create bargains. Last december for instance BSX dropped to 21 which was the low at that time. Right after new year it rallied up 6 points I remember. Those are moves you want to grab when you can. BSX will probably do the same thing this year. Let's never fall in love with a stock and that way sell at tops and buy at bottoms. In this respect almost all stocks are created equal. It's all about timing the moves of course. And having the guts to go against prevailing opinion when it's gone too far one way or another. Also ignore tax consequences. And ignore doomsayers who predict the worst. When you hear them giving up hope that is probably the time to buy. Ditto when posters all feel a high-flier will never cease to rise into the heavens. These are some lessons I've learned the hard way. Here we go into Xmas and Y2K. So far, big money has been made ignoring the prevailing anxieties. The smartest money is thinking ahead to recovery days in early 2000. remember, take out the high-fliers and the market is actually pretty low in many sectors. That includes cyclicals which I don't play but might start to, maybe. So what usually maks it move in January and beyond? And what stocks will benefit from a banner Xmas and a computer and software services buying boom I predict in early 2000? Also if there is a high-flier sell-off get on those very quickly. Like NOK when it dropped 25 points, CMGI or COMS if they reverse and plummet. Try to catch the bottom quickly. They tend to bounce off round numbers like 50 or 100 or 200 and drop back down. A lot to choose from, and many of the very stocks which will benefit are still down near 52 week lows. Pay special attention to beaten down stocks with extremely low PE's but good-great earnings. TSK is a perfect example.