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

To: DlphcOracl who wrote (27437)	6/9/2000 1:05:00 PM
From: Kevin Shea	Read Replies (1) \| Respond to of 57584

Once again filled the AM opening gap ---- general weakness still showing through --- diverges starting in 15 minute

To: DlphcOracl who wrote (27437)	6/9/2000 1:47:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

I mostly agree with you Delphic. I am selling more high fliers. . . except for a few that I have started core positions in. . .like PMCS, etc. or biotechs like CRA. Also holding the small caps that we stole at bargain prices. . .preferring to play them long, rather than trade in and out. Now that sentiment is significant. . .since just two weeks ago, we would have only played swing trades. . . now I am comfortable holding core positions and only selling swing positions on possible market tops. I still feel we are in a trading range. . . and that this mornings knee jerk was just a few days premature. . .I think the market makers were expecting more. . . but traders are waiting for next weeks CPI before committing. As hard as it is to make gains and as easy as it is to lose them. . . I think the prudent move is the best. . . and agree that we should wait on the rest of June's numbers before going nuts. . . though I am still holding plenty of new core positions. . .and especially like my small caps. I wouldn't read too much into today's trading, however. . .it is Friday. . .and NYC is in the 90's. . . meaning the Hamptons are looking great! So that is the more likely reason for todays slowing volume. I've been impressed with the volume over the past few weeks. . . and am still anticipating all that sidelined cash giving a real boost to tech stocks when the inflation fear subsides. . . . .though I am playing as though we go sideways for the summer. I am at the highest cash position in a few weeks today. . .but am also at the highest small cap exposure in months. Hope that helps some. Rande Is. . . on vacation. . . .well, uh. . er. . sorta