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


To: Tradelite who wrote (23123)4/3/2000 12:25:00 AM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
Glad I sold my Mom's MSFT last week. Anyone want to play "How Low Can We Get MSFT" tomorrow morning? My guess is maybe $87 but maybe even lower? Who knows until there's panic selling (if it happens at all). But since MSFT will do fine settlement or not it's a safe buy if you can catch the low. I will be watching the ticker in the AM and sticking in a low bid probably. Only pisser it this MSFT perception might bring down other already-hammered stocks. They don't deserve it but it might happen. In any case probably a good day to buy tomorrow before a relief rally prior to tax day. I still like CMGi and esp. CPQ prior to the April 14 Alta Vista IPO. CPQ is very cheap right now.
UIS of course (When will that one no longer be a bargain?) and stocks like IBM, LU and WCOM on any dips. Real cheapies LOR and FATB now. ELNK very cheap but I'm not touching it. PSFT on a drop. All in all negativity may peak tomorrow which means buying opportunities. Look forward to more selling opportunities in the near future. ggg



To: Tradelite who wrote (23123)4/3/2000 1:21:00 PM
From: Tradelite  Read Replies (2) | Respond to of 57584
 
PFE has made an exceptional move today (breaking above resistance level) on very heavy volume.

As for the Naz, it will be interesting to see if there really is much money left on the sidelines that wasn't wiped out in margin calls, and whether the big boys who do have money are willing to commit it at this point.

My fear is that any buying and upticks will simply be met with more shorting for a while. Maybe the usual summer sideways movement in the market is simply occurring in this quarter instead of next.