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


To: carepedeum2000 who wrote (18845)1/18/2000 10:39:00 AM
From: Rock_nj  Respond to of 57584
 
IAAC hitting 11 now. We have a winner! Congrats to everyone on the thread.



To: carepedeum2000 who wrote (18845)1/18/2000 10:51:00 AM
From: Proton  Read Replies (3) | Respond to of 57584
 
RE: XYBR at Support

Friday, I mentioned the importance of resistance in XYBR at 12. Today, a trader had a 22 minute window from the time XYBR penetrated 12 (on escalating volume) to launch time. Besides a possible outtrade at 1005 ET, the worst weasel on XYBR was above any reasonable stop. Profitoften for a 2 point (~15%) gain in another 22 minutes.

If 12 holds today (!), it changes from historical resistance to critical support.

P.



To: carepedeum2000 who wrote (18845)1/18/2000 11:19:00 AM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
. . . . .On February. . . . . .

Carpe, I bought VERT today. . .news more important than todays gain. . .and yes, I don't believe they have announced a split yet. . . and I expect it to be 3:1 when they do.

At this point, I am flying by seat of pants going into February. . .all my vision has been fogged as markets continue in current upheaval. Hedge Funds [which mostly short-sell] are not making money. . . due to massive inflow of new small investors buying up the biggest and the best at any price. . .

The way it is "supposed" to work is like this. . . .a stock moves up 10 points on big news. . . volume dries up, then the hedge funds and large short-sellers move in and short it back, say 8 points. . . it has traditionally been a risk-free way of making a large amount of money. . . .[this is what Cramer primarily does in his hedge fund] . . . however, when we see a great stock up 10, we individual investors are not afraid to continue to buy the breakout. Just the words "buy the breakout" send shivers down the spine of hedge fund managers. Because as we see it up 10 and buy it anyway, pushing it up another 10 . . .they lose big money. . . and frankly, the reason such big players and managers are so upset with individual investors and daytraders. . .is because we have ruined their "sure thing".

That is the reason behind the whiney tone of so many of Cramers recent posts/articles. . . and why so many guests on CNBC become infuriated at online investors. . . blaming us for everything . . . including global warming. . .as our furious trading creates heat.

So I expect some markers to be called in . . . .articles in Barrons. . .big time analysts that have historically been bulls, suddenly making bearish calls. . . .pressure on the SEC to limit margins for online traders. . .larger moves of stocks overnight WITHOUT trading. . . and rumors rumors rumors which instill fear in the market place. . . bond fears. . .the "doom of a 7 percent yield" . . "crash imminent" . . something. . . anything to throw a wrench into the works of this bull.

But I am staying bullish at this time, because it is far more difficult to find reasons for the markets to turn lower than to continue higher. . . yet, I am still split between US markets and Foreign tech, telecoms and manufacturing. . .

I think earnings reports have been terrific and will continue to be so. . . thus creating the opposite of a February sell-off. . . similar to what we saw when we expected the December sell-off. . . . so I am leaning toward no sell off leading into February. . . yet at ANY TIME along the way, we could get a very brief 10% correction, similar to what we saw last week. . . .and it will blindside us. . . . so we must be light on our feet and not afraid to sell peaks and buy dips. . . or hold long right through the turmoil. . . which proved to be the correct thing to do with this last correction.

I wish I could be more specific. . . but as I said, this time around, there is so much turmoil that it has fogged up the water. . . limiting visibility.

Rande Is