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: Baton who wrote (25454)	5/7/2000 5:04:00 PM
From: carepedeum2000	Respond to of 57584

baton- yes the bears seem to be in the majority right now, but the real honest people are telling you they really dont know, you can build a case to go either way, but when in doubt, the safest play is to stay out, since im already in, im going to be selling into strength, until the trading range is broken to the upside, so profit often, set tight stops, and be quick on your feet seems to be the order of the day, and the trend can change daily, its whipsaw at its best, i do see an up day on monday, but i cant see anything with conviction past then, we will just have to play the cards we are dealt!

To: Baton who wrote (25454)	5/7/2000 6:12:00 PM
From: DlphcOracl	Respond to of 57584

Baton: You and I are on the same wavelength. If the last Fed rate announcement is a guide, the market will sell off from Tuesday or Wednesday into May 16th. If it does, my guess is that it will take the NASDAQ down to the 3500 range, perhaps 3400 worst case scenario. If this occurs, I'm loading up on the same stocks you've listed and then some, based on the strongest sectors: fiberoptic: JDSU, CIEN, ETEK, GLW, SDLI wireless: PHCM Non-PC chips: PMCS, RFMD, AMCC, TXCC, TQNT I also agree that there will be a "relief" rally regardless of the magnitude of the rate increase. Since I agree with Rande that we will be in a trading range most of the summer, I will be selling if/when NASDAQ approaches 3900-4000 level.