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

To: DonnaS who wrote (27943)	6/19/2000 2:03:00 PM
From: Rande Is	Read Replies (4) \| Respond to of 57584

The only thing that bothers me about selling this LPTHA peak is that we don't know why it peaked in the first place. Remember, as traders we must know what is driving the price, in order to make the correct trading decision. It isn't our little group doing all that buying. There is no news. The only things that make sense are that perhaps those that sold off their warrants are reinvesting with commons. . . or it is simply accumulation by those buying optical stocks. . . look at Corning. . . everyone's favorite stock. . .another new high. . . expecting a split announcement soon. . . perhaps even a 3:1 announcment. . . and don't forget they said they would beat their earnings handily. If LPTHA is moving on optical accumulation, I don't want to be selling to optical investors. . . any more here than I would want to sell my Corning here. Not doing much trading of LPTHA. . . too busy trading RMTR, etc. . . so I am prepared to ride out near-term swings. Rande Is PS> Surprise!! Look at RMTR bounce after CEO appearance!