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


To: Tradelite who wrote (18908)1/19/2000 12:10:00 AM
From: American Spirit  Read Replies (3) | Respond to of 57584
 
I'm sure LOR did spike up but don't you understand? I look for stocks which spike down. See, by only buying the losers I gain the right to talk about how undervalued my holdings are. Just like my life, totally undervalued.

Just kidding (I think) but when I see LOR go down 3 points because Republicans want to embarass Clinton on his China policy, now that is when I buy. Or if the entire satellite fleet gets wiped out by a Leonid meteor shower.

Man this Frascati gives you a buzz. I am getting too punchy.

Seriously though, when I look at the 100 or so stocks on my watch list every day I look for -3 15/16 or even better
- 7 15/16. The gappers don't appeal to me. But I must be a masochist to buy only the real down dogs. LU at 50 really appeals to me. But look what I have to put up with. check out the LU Yahoo thread and see the whacko shorts calling for the end of the world. It takes nerves of steel sometimes.

Maybe I need Level 2. My day-trader buddy only trades momentum high-fliers and apparently lives well. He loves PE's of 500 (sorry Rande). I like PE's of 5.

Enough of this. I'm a little drunk. Going to watch a movie called "Bring Out The Dead" which is what I call my portfolio sometimes. gg Oh but when they rise from the dead - do I feel like Dr. Frankenstein. Up 105% since October. Not too bad. I must be doing something right once in awhile. But maybe if I'd played high-fliers I'd be up 205%. Who knows. At least I'd still own my 650 shares of ORCL at $22 cost. grrr