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

To: Rande Is who wrote (17903)	1/4/2000 11:26:00 PM
From: Trumptown	Respond to of 57584

". . . it is about the individual investors against the market insiders" - bingo! very good post... it's "Tom and Jerry" on the internet... we are engaged in one of the most entertaining video games of all time...we get to plan strategies, study information, organize teams, share ideas...and then do battle where the score is kept with real dollars! Truely an amazing time, SR

To: Rande Is who wrote (17903)	1/4/2000 11:29:00 PM
From: HeatherN	Read Replies (1) \| Respond to of 57584

Rande, This article must have made them mad <gg> Wrong! Rear Echelon Revelations Amateurs Trounce the Pros By James J. Cramer 1/3/00 5:35 PM ET Click here for the latest filings from James J. Cramer. The individual investor sure got this one right, didn't she? She didn't buy into the Y2K gloom that a pro like Ed Yardeni did. She didn't get spooked out by the historic overvaluations the way Barton Biggs did. She didn't get spooked into cash from the press hounds who would have you believe that the world is always coming to an end. She stuck with the winners. She did not get blown out by the bonds. She did not buy into the rap that she had to be in the same old boring names that the pros told her were right. Join the discussion on TSC Message Boards. I can't emphasize enough that regardless of what happens in the future -- a 20% pullback or a huge selloff -- she got it right. And the pros got it wrong. I look at my screen today, and all of the rally names, like last year, are the individual names. And all of the selloff names, like last year, are the institutional names. You have to love a game where the amateurs beat the pants off the professionals. -------------------------------------------------------------------------------- James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com Heather

To: Rande Is who wrote (17903)	1/4/2000 11:35:00 PM
From: KevinThompson	Read Replies (2) \| Respond to of 57584

On your link with charts, it is remarkable the volume spike at the open for each and every one of them shown. Shocking really... I'm wondering if the MM's themselves didn't get a little overwhelmed at the orders coming in the early am. If that's the case, then what we witnessed was widespread chaos at the trading desks and they (the market makers) would have had to just step back and let it happen. Don't get me wrong - I too believe it was contrived and manipulated by the insiders - but I'm not sure that the MM's are necessarily in that group this time. Amazing volume spikes at the open. Just some observations. Best Regards, KT

To: Rande Is who wrote (17903)	1/4/2000 11:53:00 PM
From: prophet_often	Read Replies (1) \| Respond to of 57584

<<Open to suggestions and leads on how we [as bulls] can improve our surveillance, intelligence and analysis of the inner workings and manipulations that go on each day on Wall Street>> I believe the answer lies in what I have learned so well from this thread in the last year from you and others. The contrarian approach to investing continues to have great value. I think you have answered your own questions. For example: 1) Just when the market looked like it was going to roll over and the calender said mid-October, it began a stunning advance through December (discounting January effect?) I clearly remember you telling us several times in November that the January effect was already here. 2) Now the calender says January, sentiment is highly bullish with everyone EXPECTING the January effect, but the market seems to be discounting it like it is spring. So the question remains, how do we play this market now? Are we headed straight into the depths of a bear market right now? I doubt it. I find it interesting that the market closed today almost right at round numbers, DOW 11,000, S&P 1400, NASDAQ 3900. Remember in October, when they took the Dow right down to an even 10,000, then it took off? The answers remains the same, and the ones you have so unselfishly taught us. They sound like cliches, and they are. Buy low, sell high. Buy when everyone else is selling, sell when everyone is buying. Now if I could just follow those simple rules. Prophet Often

To: Rande Is who wrote (17903)	1/5/2000 7:39:00 AM
From: bobkansas	Respond to of 57584

Rande Is-great post! I am staying 100 % in market. Got work bonus cash that is ready to go into the market this week or perhaps next week. Down over $45 k yesterday alone but it will all come back. Your analysis of mid-month correction made a lot of sense to me in Dec. What is very interesting is how nothing quite happens as it is expected. For example, who would of thought we would roar up higher thru Dec. 31st with Y2K concerns? With market maker influence this week could we now have the opposite happening? That is, could the market short-term tank this week and perhaps even into next week and then when earnings news for stocks comes out in mass mid month-the markets head north big time? With every index down, the money that came out of the market has NOT rotated to another sector of the market (unless it is headed to Asia stocks-certainly no evidence of that yet) So the money pulled out should almost HAVE to come back into the market in the very near future, as those investor/traders are not going to be willing to sit on bond returns or in money market accounts for very long. Just my thoughts as I am trying to wake up today with a diet Pepsi. BOB

To: Rande Is who wrote (17903)	1/5/2000 7:58:00 AM
From: InvestLady	Read Replies (2) \| Respond to of 57584

Rande, Good post! Also, we have to keep in mind that last year at this time, many of the "fat cats" were still screaming about the over-valuations of the internet stocks. Most funds did not jump on board until April of after. That showed the power of the individual trader and that was when it got a little harder for us to make $$. But we survived and prospered. Now those "high fliers" are full of mutual funds so I don't expect them to take such a big drop unless these funds start dumping. That is where your analysis is right on-who wanted in a lower prices?? These stocks can only take dramatic falls if funds start dumping. I noticed how much harder it is to figure out what is going on with a stock with LII since mid-1999. MM's got savvy to that fast when they realized more and more individual traders had it. No matter what happens, I think the power of the individual is just going to increase but we do have to be smarter about it. Thank you for your informative, thought-provoking posts. Enjoy your thread and I always try and keep up on it. P.S. The huge run-ups in smaller, low float stocks shows what individual traders can do. At the very least, it brings under-valued companies to the attention of bigger players.Or it sucks in newbies at the highs(I was one of these for too long!)