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

To: JLS who wrote (21869)	3/7/2000 5:29:00 PM
From: Rande Is	Read Replies (5) \| Respond to of 57584

Julie, if you want to beat the tech crowds to the exits, you need to start your plan today and work it over the next 2 to 3 weeks.. . .I think we will rally again. . .on techs. . .the Dow is in a bear market and I think it will flounder slowly from here for a while. . .without much conviction either way. . .not anticipating a "Dow" rally in the near future. . . yes they are good bargains. . . so what. . . a Yugo is a bargain, when compared to a Lexus. . .which one would you rather own? As for selloff, last year on March 23, I predicted that the top would rally hard for another week, then begin selling off. . .with the hardest part of the selloff coming April 15. . . that is pretty much the way it went down. I see all of that happening a bit sooner this year. . .but not in the same manner. . .last year, as earnings came out, those stocks sold off. . . .I don't believe there will be good opportunities for earnings plays this year. . . except on the beaten down tech stocks. . .[yes there are some] So as the Dow gets hit, I am looking for beaten down tech bargains. . .and very few Dow stocks. . .some value plays. . . and quite a bit of foreign. Already I am starting to go foreign with US traded issues. . .bought AIS and ALA today. . .so you could say that I am already rotating. . . very very slowly. But that way I get my choice. Todays buy of ATHM was with the intent of holding through summer. . AOL is another I am looking at for a hold. . . Keep an eye on small caps as a whole. .. I believe they will give us the best early indication of a turn in the markets this year. During the late summer doldrums. . . we will do our STRATEGIC buying of the very best tech stocks. . . this is when we go around from garage sale to garage sale hoarding those antique lamps. . .so that next March, we can be sellers at a premium. The tech markets NEED to selloff in the summer. . .and I believe they will. . dotted by abbreviated life. . .especially early in July. . . this is good for the markets and everyone wants it. . . best not to try to fight it. . . don't know anyone that has ever succeeded doing that. Shorting similar positions is one way to hold positions without taking the tax loss. . .it locks in the gains. . .so you win whether market goes up or down. . .this is especially helpful so you do not need to selloff core positions in the best of the best.. . Greenspan doesn't have much effect on todays tech stocks. . . companies use stock for currency. . not bank loans. The market action on his words is contrived, IMO. We are being "force feared". Hope that helps. Rande Is