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

To: carepedeum2000 who wrote (22365)	3/18/2000 8:29:00 PM
From: DlphcOracl	Respond to of 57584

Carpedeum2000: We seem to be two peas in a pod, investment-wise. I agree -- there WILL be a significant NASDAQ correction in the late summer/early fall, possibly 20-25%, IMO. So, what else is new?! The techs ALWAYS correct over the summer and this year will be identical to the last two, setting up tremendous buying opportunities in October for the 4thQ and 1stQ2001. For newbies to this thread, please note -- I am talking about trading in and out over the summer in a NON-TAXABLE account. Despite the inevitable correction in techs, I will NOT sell tech stocks that I am holding long-term to try to time the correction. Inevitably, the market moves so quickly that you will miss 5-10% at the top and buy in too late, missing 5-10% at the bottom. Also, the correction in techs may be relatively mild (only 15%) as it was last year. Remember, the Fed rate hikes will probably stop in the latter half of the year since the Fed will not want to be perceived as influencing the elections. For now, make a list of the great tech/biotech stocks you want to buy and consider establishing positions in them early next week, while they are selling at a discount. For biotechs, you might want to wait for that one solid "up" day for the sector before buying, but the biotech story is only in the 2nd or 3rd inning. Good luck with your investments.

To: carepedeum2000 who wrote (22365)	3/19/2000 11:22:00 AM
From: JLS	Respond to of 57584

As if we needed more confirmation for taking our financial future into our own hands..... To: John Stichnoth who wrote (20500) From: mtnlady Saturday, Mar 18, 2000 3:20 AM ET Respond to Post # 20561 of 20704 "full service" broker" and a "local presence" Been there and done that. My last experience was setting up a 401k with Schwab so I could buy and sell the stocks myself. I thought I would use a 'full service' broker and liked the idea of a local rep to help me with the 401k questions/issues. Here was my experience. Back mid January the mutual fund holding my qualified plan sent the funds to Schwab. Schwab lost the money being transferred to them. The mutual fund ended up canceling the check and I've been on the phone 8x, have written 4 letters, sent in 5 faxes and filled out the transfer forms 3x now for Schwab. My local rep (remember I wanted that 'local presence') is absolutely useless. He says he doesn't get involved with retirement and account transfer issues and sends me to the retirement folks. However if I need advice on which funds to invest in he would be glad to schedule an appointment (note: he has never heard of JDSU, Siebel, NTAP and QCOM just got on his radar screen - he knows it as 'oh that high flier from last year.. I would steer clear of them!' I didn't bother to find out if he knew of CREE, ELON or WIND.. Needless to say I didn't take him up on his offer for an appointment...). On with my ugly story of the 'full service' broker.. The retirement folks, all very nice, say their hands are tied until the monies are transferred (never mind that they were ALREADY transferred once!) so they send me to the transfer department. The transfer department is very nice but always puts me on hold to call the mutual fund that is supposed to be transferring the monies (again). I dutifully wait 1/2 an hour on hold and then either get a) disconnected or b) the person comes back on the line, is surprised someone is one it, and then says 'oh yes! Sorry! They don't know anything as soon as they do they will call me and I will call you!'. No phone call. So ... in another week I start the phone merry go round again. Exasperated I started the phone merry go round again with my 'full service broker'. Their web site has been down now for several days (at least every time I try it) so I call to find out if the monies have been moved. I mean my God (!) I missed the early January drop, the late January drop and now this beautiful correction! Do you know what I could have done with 100k yesterday??? Damn! Anyway... the gal yesterday tells me the monies haven't been moved yet but she will call me back as soon as she knows something.. ya right. I've heard this one before. No phone call back. So I call today. Go through 3 people same story. Then they finally put their supervisor on the line. Do you know what?? My monies were transferred 2 freakin' weeks ago!!! No one knew, no one told me, everyone on the phone said nothing had been moved! I missed the 3rd correction! Damn! Anyway.. the nice lady (they are all nice - incompetent - but nice) kindly refers me to a broker to sell the sht - well sense their web site is down again .. yes .. send me to the broker. Broker does his thing (shares will sell end of Monday because the fund sent the mutual fund shares rather than cash) and .... asks me if I would like to consolidate my other accounts with my online brokerage firms with them. :-) 'Well actually NO I would not' I kindly say. Let's see.. you've lost my 100k for 3 months, losing me a ton of money, causing me all sorts of aggravation and lost time to boot. You charge twice as much to perform a trade. Your web site is down more times than it's up AND your web site sucks (sorry.. I can't tell this story without anger flaring!). Your 'full service local broker' won't/can't help me when I needed someone to FIND MY MONEY! And on top of that he knows jack-sht about companies that are taking this industrial world into the communication age. THAT my friends... IS A FULL SERVICE BROKER. I am firmly convinced that the best FULL SERVICE BROKER... is me. Plus my returns (average 300% over these past two years) run circles around the 'full service brokers' and my professional financial advisor. Do it yourself.