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

To: Rande Is who wrote (23433)	4/5/2000 4:10:00 PM
From: Steven Finkel	Respond to of 57584

If that is true, why would anyone bet at all? Simply wait to see what happens tomorrow. Three scenarios: 1. YHOO doesn't beat, and market tanks. Thus standing on the side lines wins 2. YHOO beats and market sells off anyway. This happens ALOT, as the "whisper number" isn't met, or people sell into earnings anyway. Thus standing on the sidelines wins 3. YHOO beats and market runs for two weeks as you suggest. Standing pat would cost you only the gains made in the morning tomorrow. That premium would be the cost of buying in when you have MUCH more confidence that the rally will continue, which, if it does, you should have a great opportunity to make money anyway. Thus, in my view, standing on the sidelines gives up 10-15% in exchange for buying in when you have a much greater chance for continued gains: standing on the sidelines wins. Edit: With that all in mind, I liquidated tech positions today.

To: Rande Is who wrote (23433)	4/5/2000 4:46:00 PM
From: shadowman	Read Replies (1) \| Respond to of 57584

Early returns on Yahoo earnings negative......selling off a bit at 160 (after hours).

To: Rande Is who wrote (23433)	4/5/2000 5:17:00 PM
From: rocket_no9	Respond to of 57584

"Standing pat as volatility subsiding generally. . . investors beginning to pull out their wallets today. . . not concerned about late day profit taking." Short term, I have the same feeling Rande. Think sell off eod was a self fullfilling prophecy, and placed my vote for strong open by picking a little eod. I'm watching to see how the street reacts to YHOO, tho don't they always sell off on presentation? Looks as if they're not impressed <LOL> Also anticipating more strength in biotechs tomorrow. Finally, I'm also anticipating some more hairy Naz stunts,so I'm trying to keep mental stops and find balance between safety and not getting shook out for BS reasons. :) Mike