Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rande Is who wrote (23881)	4/13/2000 11:23:00 PM
From: JD	Read Replies (2) \| Respond to of 57584

Late night ramblings: In one of Peter Lynch's classic books, he makes the comment that in bear markets bad stocks go down, and good stocks go down. The tide lowers all boats, value stocks become more "valuable". And when you say that alot of this years high flyers will not return to their lofty levels next year, you are right...the same thing happened this year with some of the net stocks. There is a lot of planning that should be going on now, as people decide what stocks will have the best chance for success next fall. This takes good old fashioned DD, starting with overall market predictions (nobody knows for sure, or is 100% right all the time....well, except for Rande recently!). -At what level (market index / stock price) do I want to start buying?? I think the plan should call for a series of buys, not just all at once ('cause I am not right all the time!!).... - what market sectors will offer the best returns? (just like buying mutual funds, what was hot last year, will be cool this year....). - what companies do I want to start following NOW ? (So I will be familier with the stock's trading behavior, in order to help me know when the time to buy arrives). - what is my overall plan to allocate my resources? (how much to put in each sector, in each stock, and when - relative to overall market performance. How much to reserve for day trading and special situations?). - what are my "mileposts"? (Quantifiable goals for each position, sector, and the market and economy as a whole. This should include both fundamental data and charts - with levels of support and resistance). Remember that investing is as much an "art" as it is science (hard to quantify the effect Mr. Ripp will have on LPTHA, but it will be huge, imo). I am convinced that Rande's musical talent is of great help to his investing and market watching. Sometimes you just got to go by your gut feel....just take small steps, and realize that there will always be another opportunity sooner than you think. I have about a 1/3 position in LPTHA right now (the "ride it out stuff"), and have just started nibbling at a few hi-cap techs with low price/sales (easy positions to exit quickly) I expected the first sell program we saw today - I figured the brokerages would run the prices down for the 3:00 PM margin sells, but the second sell program around 3:30 is telling me that perhaps the institutions are trying to set us up for a "suckers rally" in the next few days or weeks. We could see an intra-day spike down, followed by an "unexpectedly" strong rally lasting a week or so....just enough to convince a lot of individuals that the good times on the nas are back....and then followed by a quick, steep slide (one or two day total freefall) down to your 3200 area... where the summer doldrums will hit. In other words....profit often!! Hold a minimum of trading positions....to profit you will need to be able to "turn on a dime". Thanks again for a great thread, and for sharing your valuable market insight. Jerry