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


To: carepedeum2000 who wrote (18710)1/14/2000 3:29:00 PM
From: Vegas  Read Replies (1) | Respond to of 57584
 
re: lu

Thing of buying some 2 year leaps or so in this one, that why not to much money is tied up. I agree it could go lower.

JF



To: carepedeum2000 who wrote (18710)1/14/2000 4:15:00 PM
From: Sye Walsh  Read Replies (1) | Respond to of 57584
 
Agree carep,
I think there was a lot of selling into the sec investigation rumor and we could see 3 or 4 points on Tuesday. Most of my buy today was for my roth, but also bought a wee little to trade next week. Sye



To: carepedeum2000 who wrote (18710)1/14/2000 4:40:00 PM
From: Rande Is  Read Replies (4) | Respond to of 57584
 
. . .Some thoughts. . . .

I moved out of some large caps and into some small ones for a bit of defense. . . not wanting to press luck. . .HOWEVER, I have a feeling that this was another snow job.

INTC and MSFT soared. . . which held up the Nasdaq composite, the S&P AND the Dow Industrials Average. Meanwhile, look what sold off. . . check out today's point losers again. Remember how the very best stocks that everyone REALLY wanted were topping the point losers lists? Look at it today.

CLIC -18% [-around 10 points]
LBRT -9% [-20 points]
PPRO - 8% [-9 points]
INKT -7.5% [-7.6 points]
NBCI -7.6% [-5.8 points]
CMGI -6% [7.7 points]
CMRC -4.5% [-7.8points]

Other big losers today included:

LU, ICGE, ARBA, RNWK, FMKT, CHL ,ERTS, INFY, HLIT, LDIG, ATHM, AOL, TWX, WCOM, AMZN, EXDS, QCOM, CPQ and GBLX.

Are these not some of the very best of the high-tech high fliers?

So while everyone was focused on INTC and MSFT and the triple digit increases in the index . . . . the market sold off the very best issues. . . especially into the close.

That is the bad news, but also the good. . . it could very well be an indication that the money that has been wanting to get into high techs on the cheap. . .is about to make its move.

It would be fascinating to watch this group early morning next week. . . . .especially if the selloff continues through the after hours. If I had to predict the manipulation, I would say that this group will be the FIRST to get the big money on Monday morning or Tuesday morning [whichever it is].

I maintain that there is much money wanting into these markets. . . that supercedes any fears that investors may have about interest rates. . . . and will drive the markets going forward. I don't think we will have a selloff the first half of next week. . . however, the indicators are mixed. . . hence my semi-defensive position by moving into more small caps. . .even some micro caps.

So I am ready, but not expecting anything to happen [same as I was with Y2K]. . . and still nearly fully invested. . . next week is the big earnings week. . .and just as we expected a selloff then. . . it appears the opposite will once again be the case. I would expect OLBs to heat up next week.

IT is still quite a frustrating month of trading. . .due to the wild girations and the sectors taking their turns. . . half running hard toward the north, while the others run hard toward the south, then the next day they switch.

Rande Is