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

To: Rande Is who wrote (19551)	1/27/2000 1:41:00 PM
From: byhiselo	Read Replies (1) \| Respond to of 57584

Rande, i agree but only expect small recovery this afternoon with continued market weakness into next week, lets see cheers

To: Rande Is who wrote (19551)	1/27/2000 3:00:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

. . .Clarification. . . My statement about "idiots using margin money to buy breakouts" of high fliers on Monday morning needs clarified. I have been outspoken against margin trading in general. But this was a specific hypothetical reference to buying breakouts of the stocks listed on that post. . .the high fliers that had just seen a blow-off top. Buying here on margin, would have been a dreadful trade. Perhaps I should have stressed that in other ways. An example of how dreadful buying the breakout on margin was this past week. . . . .$10,000 capital placed on PLUG on Monday at open would become roughly $16,000 [or more] with margin borrowing. . . buying 100 shares at $160 per share. . . . TODAY those 100 shares would be worth $10,000. . .and if the party did not sell. . .then they realized a 60% loss in 5 days!! I have a responsibility to everyone here. . .whether you be a good trader or bad. . . experienced or a newbie. . . I will continue to be strict on suggesting traders avoid margin trading. . . but I will try not to use the word "idiot" in reference to those about to get slammed. . . or to anyone. Sorry for the inconvenience. Rande Is

To: Rande Is who wrote (19551)	1/27/2000 3:38:00 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

Rande, thanks for the "4-day theory" credit! (Can I use that "credit" on margin?) Drove a friend to LAX...DOW was up slightly, NAZ down slightly...returned to see DOW down over 100, NAZ down almost a 100, S&P down 32...now we seem to be hopping back up about 30%. Your phrase, "wash & rinse" fits the bill perfectly. Today is a "mini" buying opportunity if you have a strong stomach. Agree that "real" rally begins next week. So many good traders here; I have much to learn, though I'm very happy with OMKT, LU, NBCI & HLTH (missed just about everything else!). Regards, Mark