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

To: prophet_often who wrote (25441)	5/6/2000 9:17:00 PM
From: DlphcOracl	Respond to of 57584

prophet often: I think you are correct in saying that we will be in a trading range from 3200/3300 to 4100/4200 from May through September. I think next week may start with an up day on Monday but gradually sell off going into the May 16th Fed meeting. I am 2/3 cash in my trading account and will remain so until next Tuesday May 16th; if there is a sell-off during the morning of the Fed meeting, I will load up on some of my tech favorites for a 2-4 week hold. Only thing I am buying and holding LT are DEEPLY discounted techs (GBLX, GMST, ABSC, PEB, MMPT, RBAK) and very out-of favor non-tech stocks with good earnings (ANF, BEBE). Other sector that looks interesting (to me, anyway) are the "new-age" energy stocks such as Calpine (CPN), Enron (ENE), IRF, and AMSC.

To: prophet_often who wrote (25441)	5/6/2000 10:41:00 PM
From: carepedeum2000	Respond to of 57584

p/o very interesting read, i can see us climbing a "wall of worry" for a couple of days, i just dont see us breaking out of 4000, and im concerned that sets in the double top, and we can shoot way down again, this market has acted like it wants to go up since the eci came out last thursday, but unless the volume picks up real soon, or we get some huge buyout at big premium, or fed indicates they are done raising rates, then i can see this rally fading quickly just for the record, i am looking for .50 basis cut with the premise the fed would like to zap the market hard by june then take a break till after the elections-- if they can, and the market has pretty much priced in a 1/2 point hike, and that would probably give us a quick relief rally at that point, i just cant get excited about the action this summer though but thanks for the feedback