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


To: Rande Is who wrote (22751)3/29/2000 11:24:00 AM
From: Kevin Shea  Respond to of 57584
 
ATHM ...my 2 cents.....haven't been watching of late... but looking at the chart, a couple of indicators sent signals that formed between 3/8 and 3/21... following that it moved positive on the 20dMA and crossed a long term downtrend line.....quite an array of "good stuff"

Weekly it shows possible MACD crossover..

Has LT resistance at 36 and ST at 38

Currently oversold in stochastics.... likely to retest what looks like 32... ( my daily feed for today is #@$%!ed up.)

Hope this helps..



To: Rande Is who wrote (22751)3/29/2000 11:56:00 AM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
. . . . . Some facts. . .and some views. . . .

Most volatile stocks at this time. . . during peak selloff. .

ATHM, QCOM, INTC, JNPR, CSCO, ORCL, SUNW, APAT, YHOO, VTSS, VRSN, EXDS, ARBA, EBAY, JDSU, NTAP, RMBS, BRCM, VRTS, PMCS, INSP, CMRC, SDLI, SCMR, VERT, CIEN, INKT, BVSN

Notice these are many the most desirable stocks there are.

Volume leaders at this time. . .

CSCO, ATHM, QCOM, INTC, ORCL, MSFT, JDSU, DELL, SUNW, WCOM, APAT, EMLX, YHOO, GBLX, BVSN, RHAT, AMGN

No stock on my B2B watch list is down less than 4% with the average being -6.5%.

POINT losers at this time. . .

TERN, ABGX, LMLP, RMBS, AETH, EMLX, AKAM, VIGN, INKT, NAVI, SDLI, OPTV, TZIX, HAUP, NSOL, MUSE, SVNX, CMRC, PMCS, ITWO, AFFX, RBAK, VERT . . . perhaps this should be our buy list.

Wilshire Index of all stocks down 1%.

New Yearly lows. . . none of these same symbols appear, except ETYS. . not much to choose from here. . .Mossimo, Veramark, CDNW, PFSWeb, Emachines, etc.

Mark Mobius of Templeton. . .is the Abby du jour. . . saying "some" issues may pull back as far as 90 percent. . .calling for a "crash" of internet stocks. . . do you think he holds any as he says this? Mobius manages $12 billion in mutual funds. . .what percentage do you think he is short internet stocks today? If such statements cause fear, it can bring enormous profits . . by playing against the flow.

TokyoJoe calls them "unibombers" . . . Joseph Cohen yesterday, Moby Dick today . . who will be tomorrow?

All that makes sense in the current activity is greed. . .big hands wanting cheap shares of the best companies at the expense of the weaker retail hands [us]. . . in anticipation of one fabulous earnings week. . . and a tremendous bounce. . . .

We knew of the tech selloff. . .which is why we sold off nearly all our tech holdings 2 weeks ago. . .but I didn't anticipate these anal-ysts holding their foot on the can. . .as earnings season approaches. . . and so it caught me holding new positions in SVNX and a few others. . . we still won the war. . . . a tip left on the nightstand for the maid.

Well. . .that is it. . . greed is the motivating factor and market manipulation by large brokerages is what is driving the moves. . . for the purpose of shorting near-term, then buying on-the-cheap in anticipation of earnings season. . . .hello, SEC? Are you listening?

Perhaps some of you have alternative views you could share. . .I would love to hear them.

Rande Is



To: Rande Is who wrote (22751)3/29/2000 12:49:00 PM
From: Jon Stept  Read Replies (1) | Respond to of 57584
 
re: NAZ selloff...

Hi Rande,

Great thread.

The selloff might be influenced by hedge funds, especially those that are used by the bond markets. These same funds supposedly drove the dow back up when the bond hit some threshold, I think %6 a few weeks ago.

Bond market used to hedge in bonds, but too many got burned earlier in the year when the fed didn't auction as planned. So, now some bonds use the equity markets as a hedge... not exactly predictable, but I guess more predictable than some bonds in some situations.

From what I understand, the bond markets absolutely and overwhelming dwarf the equity markets because of all the world governements banks and financial institutions using it to hedge their holdings, let alone make any money.

I am still trying to understand bonds and their relationship to equities. It seems like an invisible player that is driving the volatility over the past 4 months and is little mentioned in the mainstream press.

What do you think?

Just my opinion.

Jon :)