Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paullie who wrote (22206)	3/14/2000 12:52:00 AM
From: American Spirit	Respond to of 57584

If I had held many of the stocks I've owned over the last two years I'd be rich but the problem with not taking large profits on high-fliers is that they can and often do fall precipitously. Really no one knows and you have to go with your gut. But there's a big difference between holding CIEN at 8 and at 150. Or QCOM at 45 or 600. I'd prefer holding stocks which are low now but are destined to break much higher during the next stage of the tech lift-off, like LOR at 12, Lu at 52, IBM at 101, ESHR at 13. Problem is I probably won't. In fact I'm thinking of skipping April-September altogether this year, mainly because I'll be very busy but also because it would have to do that last year for most stocks. Still quite a few bargains out there but the timing is anyone's guess. I'm just hoping the next three weeks is UP so I can get out and take a vacation from this market which sometimes drives me crazy. Of course if I hadn't lost $45,000 on Bebe and Anf and sold my DD's and OLB's too early maybe I'd feel more bullish. Let's hope for a nice recovery week or two here to get this market evened out. Too much whipsaw action and multi-tiered logic. I still don't understand how biotechs could be through the roof and drugs stocks in the toilet. or ORCL worth more than IBM in market cap. No fundamental basis for it that's for sure. Or why every dollar high-fliers make is valued sometimes at 100x each dollar a retailer makes. Something's got to give soon. So I figbure I'll go with techs but only value techs and maybe a few drug stocks on steep dips. That way at least I'll make a few grand before I get out. My best buy today is UIS. Safe and secure, probably a double this year. Downside almost nil. Ditto IBM and CPQ by the way. Of course as usual I could be wrong.