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

To: KevinThompson who wrote (27750)	6/15/2000 1:06:00 PM
From: Trumptown	Read Replies (1) \| Respond to of 57584

Leather gloves taking a beating today...news out on DRIV doesn't warrant the sell-off imho. Bought as much as I dare in the mid $7 range... SR (still on yellow alert)

To: KevinThompson who wrote (27750)	6/15/2000 5:30:00 PM
From: Mark Konrad	Read Replies (5) \| Respond to of 57584

Trading Notes: Silly-Con is right...I couldn't log on until about 2 hours ago, my chart server was intermittent, aol was especially slow, my dog ate my homework, etc...and OMKT stumbled in a big way: OMKT was reaching short-term overbought on slow stochastics as of yesterday when I sold 1/3 of all my shares. Today I exited all of my trading shares (still have a small low-basis core) at 16 1/4-16 1/2. Class action lawsuits can be a major or minor hassle for any company and I don't know how pernicious the effect will ultimately be on the stock price. I'm out with a very good profit and will re-establish trading positions as soon as the technicals warrant it. IMO, OMKT is a terrific long term opportunity anywhere in the midteens or lower. QCOM...thank God for after hours trading! After buying back a very small position before yesterday's close at 70 1/2, I sold at 69 thinking I'd buy it this am for 67-68. Needless to say, I'm still out and will not buy until charts turn positive again (and sooner or later, they always do). These "landmines" are turning up with alarming frequency... LPTHA...this one's beginning to show fatigue right around the 30 level, imo. 35 looks like resistance/breakout while trendline support is at about 26-27. I sold some shares today at 30 1/2 and will likely sell a few more tomorrow if the price doesn't rise to at least 31. In the absence of volume and/or news, pressure is to the downside. IONN...sorry, all. Looks like yet another false start sucked me in but I have not sold any of the shares acquired at 5 7/8 and 6 7/16 (ouch!). I'll throw in the towel if IONN firmly takes out 5 1/2 but am still optimistic that it is in the later stages of a bottoming formation. If and when it rises, the greatest percentage gains will be from these levels. NTRO...a personal favorite of mine since having met company reps last October but I'm ready to take profits again on shares bought the other day at 40 if it doesn't firmly take out 51. A small core position in NTRO is a mainstay of my long term "new-tech" portfolio along with ADAP, LPTHA, SCON, etc. ADAP...I lightened up again at about 35 but am holding a core plus one trading position. Short term stochastics look overbought and I think it's in a 30-35 trading channel. A break either way will tell the story, imo. Sold some some trading positions because they looked short-term toppy and overbought: WRLS, ISLD, SCON, IFCI, VIAD, NETP. Looking to sell on any further weakness: ENGA, DISH, TGNT. JNIC almost hit my sell point today; watching this one carefully...I like it but I'm not married to it! Added some trading positions during the dip about an hour before the market close: AOL, CNXT, LU...and almost MSFT (need to look at that more carefully tomorrow am). May also add more GBLX. All of this is just my opinion, of course. Regards, Mark