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