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


To: fishweed who wrote (18093)1/6/2000 2:27:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
The Dow diverging with Naz appears to be smart money leading the dumb money into "bluechips" while they drive down and buy the Naz.

I'm telling you. . . I believe that this time, the smart money is not so smart. Are you buying Du Pont? Deere? Caterpillar? I'm not. Know anybody that is? I don't. And we don't HAVE to buy them, like they do to prop up their failing mutual funds. So their rotation may be rotating them right out of the golden goose that got them here. . . and that certainly is not very smart. In my opinion, the smart money is buying the tech stocks on the deep dips.

I am looking at SNE again. You know their new Playstation should be released soon. . .and it uses DVD. . . .this will be enormous, IMO.

Rande Is