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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (93096)	4/5/2000 6:51:00 AM
From: Bouf	Read Replies (3) \| Respond to of 108040

I may be nuts..but I am buying some stocks today that I do think were oversold last few days....just going to keep them longer than a few hours!!:)

To: Mike E. who wrote (93096)	4/5/2000 7:50:00 AM
From: DebtBomb	Read Replies (1) \| Respond to of 108040

Here's what Janus was doing yesterday, from the WSJ. This "buy the dips" habit may eventually prove unprofitable, but not Wednesday. Siebel goes on to touch $80 before turning around to close at $97.875, down $8.875. More important, some of the biggest believers in tech stocks also see a buying opportunity. Mutual-fund company Janus Capital, which manages $310 billion, has ridden a big tech-stock weighting to blazing returns. Tuesday morning, its managers were still sitting on billions of new cash that arrived in February and March. With stocks falling, some in-house Janus analysts told portfolio manager Blaine Rollins to take advantage of the sell-off. Around noon EDT, he sent his trading desk a handful of new buy orders, adding to his holdings of Mexican phone company Telmex and some semiconductor stocks. He ducked into colleagues' offices to tell them: "If you have a name down 15%, like a Schwab or Sun Microsystems or a B2B e-commerce company ... pick away. Maybe they're weak today, but we're trying to own for the long term." Janus managers put loads of cash to work. Afternoon is different. After returning to his desk with a roast-beef-on-rye sandwich, Mr. Rollins finds the market rebounding. Between bites, he buys more shares, especially in mid-capitalization companies that are just a small part of his portfolio. "At least they were mid-cap at lunch," he says.