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

To: Rande Is who wrote (21215)	2/25/2000 5:12:00 PM
From: Tradelite	Read Replies (2) \| Respond to of 57584

Just heard a radio stock guru say that one thing to watch out for is mutual funds having to liquidate stock positions in order to meet growing number of redemptions by shareholders as they seek to exit funds, now that Dow has gone "where many people expected it to never go again". Could mean further sell-offs next week. Uh oh....

To: Rande Is who wrote (21215)	2/25/2000 7:03:00 PM
From: Densiebj	Read Replies (1) \| Respond to of 57584

Anyone know where American Spirit has been? I miss his posts capitalD

To: Rande Is who wrote (21215)	2/25/2000 7:34:00 PM
From: Khai Nguyen	Read Replies (1) \| Respond to of 57584

Spoofing...Rande February 25, 2000 -------------------------------------------------------------------------------- NASD Plans Enhanced Surveillance To Detect 'Spoofing' by Traders Dow Jones Newswires WASHINGTON -- Securities regulators are planning enhanced surveillance to detect so-called spoofing scams, in which traders post false orders to manipulate stock prices. The regulatory arm of the National Association of Securities Dealers is developing an auto-detection system that would alert regulators to potential instances of spoofing, said Mary Schapiro, the chief enforcement officer. "Spoofing may, with the right set of facts, constitutes market manipulation because it is premised on disseminating misleading price information to the marketplace in an attempt to artificially impact the market," she said. Spoofing involves the placement and immediate cancellation on Nasdaq of large quotes by traders in an attempt to trigger a market movement that the trader then uses to his advantage by establishing or liquidating a position. Ms. Schapiro mentioned the enforcement plans in a Feb. 7 letter to Rep. John Dingell (D, Mich.), the ranking minority member of the House Commerce Committee, that was released Friday by the congressman. Ms. Shapiro, president of NASD Regulation Inc., told Mr. Dingell that the agency "is enhancing its existing surveillance breaks to better detect instances where flash quotes have triggered a market movement." She said her agency is developing a system that will generate alerts if there are large quotes or orders for brief periods of time followed by movement in the stock and questionable activity by the order poster. A trader, for example, may flash a large buy order on an electronic communications network, or ECN, for a matter of seconds, cancel the order, and then sell his stock to market participants who raised their bids in response. "We expect an initial version of this surveillance program to be implemented within the next four to six weeks," Ms. Shapiro added. Annette Nazareth, director of market regulation at the Securities and Exchange Commission, said the agency has taken enforcement action in the past against such market manipulation. Ms. Nazareth, in a memo released by Mr. Dingell, said there have been "several suspicious instances of rapid order changes and quotation fluctuations." "While other inquiries are currently underway, these matters cannot be described in detail in a memorandum that may be made public," she said. Separately, the Justice Department said it isn't aware of any criminal prosecutions stemming from spoofing, but assured Mr. Dingell that it is "aggressively investigating and prosecuting market manipulation frauds, as well as broker bribery and offering misrepresentation cases. "Last year, for example, more than 90 market professionals were charged in federal indictments in connection with manipulation schemes," the Justice Department said.

To: Rande Is who wrote (21215)	2/26/2000 10:14:00 AM
From: DlphcOracl	Respond to of 57584

Big news on SEBL: as reported by Reuters, Deutsche Telekom has announced at the CeBIT technology trade fair in Hanover that it has formed a partnership with SEBL to supply SEBL's e-business application software to medium-sized companies in Germany. DT will market, implement, and service SEBL's customer relationship software to the "middlestand" , the medium-sized businesses that form the backbone of the German economy. DT's research estimates the market potential for CRM software in Germany to rise to $3.24 billion in 2002 from $1.18 billion in 1999. SEBL appears to be expanding its marketing reach into Europe; the news may give SEBL a good run next week and certainly bodes well for SEBL's future prospects.

To: Rande Is who wrote (21215)	2/26/2000 12:51:00 PM
From: jfhh	Read Replies (1) \| Respond to of 57584

Rande: I was wondering if your exit from the Dow meant that you would concentrate on the smaller naz issues or continue with the proposed naz large caps balanced with some micros/rats/etc. I would like to thank whoever brought ENMD out. I have always had a fear of these small bio's. Not that they don't have a viable product/discovery but that they won't have the cash to go a few years out to get to the finish line. ENMD looks unusually healthy in that respect. Although we cannot invest in the tech that will exist in 30 years, I think we can invest in some bio's that will have an effect that far out. Of course, anyone that looks at my portfolio will see I'm not overly concerned with 30 years out! Speaking of portfolio's, I closed at an another all time high Friday. In a big part due to ADAP, which I added to last week due to some friendly reminders! This happened, even with some of the micros settling down to support after spiking (CICI/TCPI). I don't hear much talk on Dow capitulation. It does look like Alan G may have his desired effect after all. At some point, banks and retails will be back. But if AG raises March and May, won't it be after the summer doldrums? I don't see $ going to bonds or to cash. If it doesn't go to the naz the only place left is foreign. I don't see that happening. Anyone else have any thoughts? Sincerely, John