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

To: Rande Is who wrote (18718)	1/14/2000 5:29:00 PM
From: CatLady	Read Replies (2) \| Respond to of 57584

Hi Rande, 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] My spin on this is that the super heated high fliers still need to cool off a bit. I agree with your emphasizing smaller cap issues right now, keep looking for the undiscovered gems. :-) When I look through my watch list today what I see is that the internets selling off while semiconductors, telecomms and equipment makers ( and biotechs ) did quite well. QQQ was up 1.57 % and HHH was down 2.21 %, first time I've noticed a divergence between those two in the short time I've been tracking them.

To: Rande Is who wrote (18718)	1/14/2000 5:52:00 PM
From: bobkansas	Respond to of 57584

Thanks for your insights! I have done very little to no trading over the past two weeks due to lots of work at the office and due to the fact I did not want to sell anything based on irrational fear. I ended up finishing this week at the same level as I did at the start of this year. It seems like a repeat roller coster ride each week to shake out the weak hands. I think this market is punishing people to be either very good traders or/and to decide if they know how to be (long-term) investors. If one is not good at one or the other (or both) one is going to lose money. I plan to remain 99% invested in this market, although I plan to sell some of my OLBs next week and put the proceeds into some of the downers you mentioned in your post that I have been watching. Longer term, I think Greenspan will do one, two, or three 25 basis point rate hikes in Feb, March, and perhaps April. Such will slow down the housing market and other non-tech industries, which will not stop this so-called equity inflation bubble that GS is concerned with. He is without realizing it punishing the companies that did not do well in the stock market last year and thus makes the difference between old industry "bricks and motar" companies and the QQQ related tech companies even more pronouned. We really have BOTH a bull and bear market going on imho. I want to be with the high growth bull companies because that is where the money is going to be made. My guess is that GS will do no rate hikes after May of this year and may even have to cut rates before the end of 2000. QQQ could be 25 to 45 percent higher by end of this year as compared to where we were on Jan 1, 2000. Many people think that is impossible, but due to tech leading the growth in this country and the world, it is certainly possible. Also, equity valuations are high due to baby boomer savings for the next several years. Many value investors cannot understand or accept that. I believe Harry Dent's thinking on this in his books. Just my thoughts. Bob