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

To: Rande Is who wrote (22775)	3/29/2000 1:24:00 PM
From: John Miz	Respond to of 57584

The trading volume in the stocks I follow has been relatively light during this selloff. (the techs) One market strategist says the techs are over owned. THAT MAY BE TRUE. But who is selling? Take a look at this bloomeberg story and look at the average size trade in Veritas (365 shares)....Could that be typical in this sell off? John bloomberg.com New York, March 29 (Bloomberg) -- The Nasdaq Composite Index fell for a third day as investors sold some of this quarter's best- performing stocks, including JDS Uniphase Corp., on concern prices fully reflect the outlook for earnings growth. UST Inc. dropped after it was ordered to pay $350 million to a competitor for violating antitrust laws. PanAmSat Corp. fell after its chief executive said next year's profit at the satellite company will be about half expectations. ``Technology stocks will have good profit growth, but that will not necessarily send prices higher,' said Michelle Clayman, chief investment officer at New Amsterdam Partners LP, which manages $1 billion. ``A lot of that growth is already reflected in stock prices.' The Nasdaq tumbled 144.49, or 3 percent, to 4689.40, adding to yesterday's 2.5 percent decline. The Standard & Poor's 500 Index lost 3.64, or 0.2 percent, to 1504.09. The Dow Jones Industrial Average rose 13.73, or 0.1 percent, to 10,949.84, paring a 97-point advance as Hewlett-Packard Co. and International Business Machines Corp. fell. Rising and falling stocks were about even on the New York Stock Exchange. JDS Uniphase, up 53 percent this year, fell 5 7/16 to 123 11/16; Cisco Systems Inc., up 40 percent, lost 2 1/8 to 75 3/4; Oracle Corp., up 49 percent, skidded 2 9/16 to 84; and Veritas Software Corp., up 57 percent, slid 8 13/16 to 146 1/8. The average size of a Veritas trade was 365 shares, indicating most of the activity was coming from retail investors. Institutions typically trade shares in blocks of thousands. Analysts surveyed by First Call/Thomson Financial expect 22 percent first-quarter profit growth from the telecommunications and computer-related companies in the S&P 500, compared with the 18.5 percent average for the entire index.

To: Rande Is who wrote (22775)	3/29/2000 1:38:00 PM
From: If only I'd held	Read Replies (2) \| Respond to of 57584

I don't know about bottoms, but I think some good cheap companies are getting drug into this mess. Namely NATS. Crap, think about it....who makes all the money in this volatility? The brokers......what the hell is NATS?? A broker. And they have a cap of a lousy 20 million dollars. Who the hell is selling this stock? Meanwhile Ameritrade....valued at a freakin' 4.5 billion dollars is doing just fine. This market is just plain stupid.

To: Rande Is who wrote (22775)	3/29/2000 1:38:00 PM
From: gamesmistress	Read Replies (1) \| Respond to of 57584

It looks like the selling is done for now, but not enough buying is coming in to rally yet. We could see another downturn if people don't do more than nibble. Interesting story from John - the individual investor is selling, so at what point do the big boys move in? EDIT: someone on another thread commented that SI seemed dead, did that mean the end of the bull market? :-) It's true, fewer and fewer posts are made here.

To: Rande Is who wrote (22775)	3/29/2000 2:06:00 PM
From: carepedeum2000	Read Replies (1) \| Respond to of 57584

market bottom? looks like we may get a triple bottom and they will let it bounce off 4450 area before they let us play again, oil prices are going down, no earnings warnings, fed should be out of the way after next meeting for the year, only negative is valuation questions, and some guy looking for 50-90% correction on internets, i was looking for end of quarter window dressing to start today, but it looks like we are going to get another washout before market turns, bottom line, my guess, we bounce off 4450-4500 area again for nice earnings run, i guess we need big capitulation move to get this up move started again, i think we are close, everything happens in "internet time" now, ge up, msft up, whats your game plan from here captain?