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


To: Rande Is who wrote (18138)1/6/2000 4:45:00 PM
From: redwood  Read Replies (1) | Respond to of 57584
 
Rande....feel pretty good in that my port is only down .5% today....thanks to NATS and MSGI and YOU(Rande) :))....redwood



To: Rande Is who wrote (18138)1/6/2000 5:25:00 PM
From: carepedeum2000  Read Replies (1) | Respond to of 57584
 
rande- just between me and you, my "highly technical complicated formula" is a little bs/common sense/experience from getting toasted
many times before, now after seeing lu disapointing, i am real glad i "only lost 25k" on yahoo, it will be much cheaper in the morning, i think we are back to the mood of looking for reasons to sell, vs december was looking for reasons to buy, that means good news doesnt do much and bad news drops big, $64,000 question is "where is the bottom", and i think there is some money going into the underperforming "value" plays until we really do find a bottom on the techs, my guess is we will see 3500 area on the nas at a minumum, and worse case scenario could take us back to 2900 this year, (but i hope not) i just hope we are still in cyber time where we get the big correction over quick and then we can get back to making money, I raised a lot of cash today and almost bought lu before the close, made good money on hifn, and I like plays like tier that are waiting to be discovered, iaac waiting to announce on line international trading,
and some of the small cap issues, one of the biggest things i have to remind myself of is the market will do what it wants to do, not what i
want it to do (unforunately)



To: Rande Is who wrote (18138)1/6/2000 6:59:00 PM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
Tomorrow should be the end of the tech blow-off. Hopefully the economic numbers will be good or benign to temper the over-reaction. Following the Tuesday sell-off, investors haven't had time to get their confidence back. LU's warning caused a stampede out of that stock in the last minutes of trading. The same kind of over-reaction we saw in BEBE (to good earnings news actually), URBN, ANN. Though strangely Gateway went right back up.

I had figured no Y2K glitches would being new optimism to the markets but apparently the reverse has happened. Ironically I made money today though. Thanks to CORL mainly. Otherwise weird and frustrating today. But don't forget it's still the first week of January so weird contrary moves can be expected to happen.

Which brings me to another point. Why does CORL go up 6 points on speculation (do they have any earnings yet?)while LU goes down 25% on flat earnings?

One thing I know. Whatever irrationalities there are going on will soon be corrected. They always are eventually.

For those with cash, the telecom sector will probably tank tomorrow. Great time to buy it. Lu, Wcom, Q, T - bargain time.

By next week most of this BS will be forgotten and like Rande I expect we'll begin to rally. It's tomorrow I worry about. But thank God it's Friday. Hopefully the numbers will be OK and bargain-hunting will come to the rescue.

PS - Just a few months ago Lu announced 50% growth in earnings. What the hell happened there?