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

To: Rande Is who wrote (23227)	4/3/2000 8:18:00 PM
From: Carolyn	Respond to of 57584

Rande, what a nice idea! OK, my (dull) story: I was on vacation last week, and came home to this. But...being a LTB&H type, I am not too worried because I have invested in quality companies with excellent fundamentals, do not need the money immediately, and believe the future is in technology and its infrastructure. Sure, I have a few "traders", got caught, but intend to ride it out. Had I listened to Rande's call 3 weeks ago, I would be sitting in cash now, waiting to gorge. Thus, an excellent strategy, when one is able. BTW, another's opinion: Message 13338794

To: Rande Is who wrote (23227)	4/3/2000 9:27:00 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

Fortunately I had to gather a down payment for a new hugely over priced house so I got up a ton of cash from 3/8-3/16. Couldn't resist testing the waters two days ago on NTAP, VERT and CREE. Lost a high percentage on a thankfully small testing of the waters. Spent about 6% of the cash I had hoarded and lost about 12% of that.Still holding them and expecting a near term bounce to recoup most of my losses. Held some LPTHA, NATS, ONSS, CICI,UIS and a few rats. Added CICI at 5 1/8 the other day. Hoping Nats will get back into double digits. All of these I am happy to hold patiently for a while longer. Even if they went to zero, I would lose only about a quarter of my gains for the last two months. I wouldn't like it, but I shouldn't jump out a window either. Should have created a bit more cash for the bargain sale I guess. Picked up some WIND in mid-30's. Looks like a good story there with MSFT troubles. Looking at LBRT, CHY, OPTV, SFA etc for NAB next week Rande--I am a little unclear on your strategy with so-called long-term core holdings. You said you liquidated them all last Spring, and should have done the same this Spring, liquidating even the little bit that you held. I am in the same boat. Very fat and happy with my gains, but sorry that I didn't unload the 15% of my holdings that I held onto. How can you call these LT core holdings when you dump them in the Spring and snatch them back up in the late Summer? My worst mistake is that I fool myself into thinking that I can stand some pain and losses on my LT holdings, only to regret that I didn't let go of them in the end. One more thing...I do feel that if I was skittish enough to siccessfully dump 100% of my holdings as quickly as that, then I would have dumped more in early January and late January during those minor corrections.

To: Rande Is who wrote (23227)	4/3/2000 9:57:00 PM
From: ~digs	Respond to of 57584

Re Market Stories: I went cash at the Nasdaq double top on Friday, March 24th ('cept for NATS due to impending announcement of their new online brokerage being open for business, in hindsight... shoulda sold that one too; holding patiently for recovery). I offered a more detailed market viewpoint on the RatDog thread this afternoon, and remain steadfast in my belief that the selling on the Nasdaq is not over. If you missed my comments because you don't read that thread and are interested in what I have to say, here are my ramblings... Message 13339257 Message 13341726 Abstract: This highly volatile market is the first of its kind, and will continue to surprise those who subscribe to traditional market belief. ie. "10% is a correction, 20% a recession" Not any more, not by a long shot... JMHO

To: Rande Is who wrote (23227)	4/3/2000 10:33:00 PM
From: Kevin Shea	Respond to of 57584

Story ... mostly had my head low... holding cheapies (rats ), sitting in some waiting for NAB, but did get caught on a couple when 1) I didn't follow my plan and use a trailing sell stop (stupid) and 2) let my long term "interest" in one issue cloud the plan (stupid).... even with TA one STILL has to deal with emotion! BTW... I do not listen to CNBC or anything else since it DOES try to convince you with emotional arguement....I'd rather watch the price/TA action....the tape says it all.

To: Rande Is who wrote (23227)	4/3/2000 11:02:00 PM
From: Shroom37	Respond to of 57584

Rande, I got out of about half of my NAS positions a couple of weeks ago on your call. I wish I'd gotten out of a lot more back then. I held on to some of what I thought would bring me a few more $'s. Wrong! I'm now down about 25%. I held my core positions on companies like NATS, CICI, LPTHA, etc,etc. Also some Rats. I lost big time on NTRO. Got in a few days ago at 80 and watched it go to 75 and sold...only problem is my order wasn't filled and by the time I noticed it, it was at 62 so I panicked and sold for a 18 pt. lose. Watched it go to 65 Friday and figured I screwed up but today it's at 48 so I guess I did the right thing..at least for the time being. Now I look at some of the others that I hold and think I should sell, but back in Oct. I started to sell in a panic and finally listened to you and other great posters here and stopped. They came back and got rid of most all my red. The ones I sold at a lose remained just that. The past few days I've played a few day trades and made a few pts. but not enough to put me in the green, but at least it makes up for some of the others that are for sure longer term holds now than they were the other day. DRI was a good play, up nearly 6 pts. since I brought it to the thread. I guess the bottom line is that I thought I could get a few more $'s out of my NAS stuff before I sold. What I got was an expensive lesson that I won't soon forget. I think I had a case of greed that turned and bit me on my butt. Wanted to buy some things on Friday but after the NTRO deal I was gun shy, glad I was now. So I think for now I'm just going to hold my cash and see what happens and let you folks with more experience do the trading until things settle down a bit. Thanks to you and all the other that make this such a great place to spend time. God Bless, Shroom

To: Rande Is who wrote (23227)	4/4/2000 1:37:00 AM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Rande, re: open call on victories and defeats: Sold ESHR at 25 and bought back at 15. Could get it today for 10. At least I did one side of it right. Got the top. -- Did not make my Dad sell his 800 COMS at 130. He never sells. I will inherit a huge portfolio someday. has LU at $2, for instance. Got him to buy COMS at $23 and I sold at $33. Thought it was a great trade. -- Did not sell UIS on takeover news at $32 and then buy back at $25 1/2. But I think it will hit $45 this year so I hold. - Did sell MSFT at 105. Bought at 95. -- Did buy 200 IBM at 101. -- Did double up on CPQ, LOR, UIS, Lu and FATB (catching the lows). --Did not sell FATB at 15. -- Did sell COMS at $64 -- Did not sell CMGI at $112, but may double up on it at $100 if I can -- order in for MSFT at 88 did not fill. - Cannot afford to buy a lot of bargains I see now because I'm holding all this SH*T! Just kidding.

To: Rande Is who wrote (23227)	4/6/2000 12:23:00 AM
From: jfhh	Read Replies (2) \| Respond to of 57584

Thank you Rande for inviting the Workers and Lurkers to respond. Here is my story. Mistake No. 1 I missed the initial move out of the positions by roughly one week. However, I never expect to get out at the top. When I did get out, I had doubled and gone up another 50% since November. Mistake No. 2 I started re-entering the market too soon. It had just started its series of declines. One of my last remaining poor habits is to let $'s be idle. Please try to remember this during your frequent general discussions you will lead this year. For the unseasoned investor, especially less than 5 years, its sounds silly but one of the hardest things to do is hold cash. Mistake No. 3 Did not re-exit when the market started the serious sell off. I could have probably exited with an additional 10% loss. I am down eod today about 2/5's from my intraday all time high. This means I will wait and see. Positives No's 1, 2 and 3 I Did Not Panic Sell I had looked very hard at the remaining positions. I either really liked the position for l-t ( thru end of year ) or was satisfied with my entry relative to the 52 week range. My positions include some rats, some issues like LPTHA, RDOC, CICI, BDE, ONSS, USTI. I also have some bio and speculative positions like NEON, ARIA, POWI and HYPR. I do not think that these came from your thread but I may be wrong. I certainly do not make recommendations myself. If you are familiar with those 4 in particular I would be interested in your opinion. I am not requesting buy, sell or hold as we make our own decisions here. I would like to take a moment to thank the regular contributors to the thread: William Jepsen, Kevin Shea, Kaliico, rocknj, American Spirit, Julie, Baton, Sting-Ray57, Gina, DlphcOracl, xcr600, bobp, fishweed, BANCHEE, RetireSoon, Wendisman, Tradelite, Friendly_Trader, Joe Smith, christopher, prophet_often, ~protege, ...., well, it's a trap to start because you can't name them all. I read every post and anyone who has posted more than twice I go to their profile and try to learn a little bit about each individual. My Game Plan See which positions come back and which don't. If a position has not come back prior to the fall I will sell it. I would probably sell out or reduce those that do come back. I am not as sure going forward what to do other than be ready this fall. I expect alot more volatility, more rate hikes and perhaps revisiting intraday lows set Tuesday or perhaps even lower on brief spikes down. Thank you again Rande for the invitation for the Workers and Lurkers. I hope there will be a place for us in the future as well. Sincerely, John Hagelman