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

To: carepedeum2000 who wrote (27973)	6/19/2000 4:16:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Actually, I did make the prudent play on RMTR.. .buying it in pre-market before the world knew of the CEO appearance. . .then selling it on the CEO appearance when nothing important was released. . . and I did quite well. . . so that last dollar is more of a tease than anything. . . and would require the assumption of far greater risk than I am willing to take on. Meanwhile, I believe that LPTHA is under SAM by the street. . . and that we will see more days like this in the near future. Very impressive moves. DCLK had another small haircut on a downgrade which sounded manipulated. . . looking back instead of forward. . .and MMPT gained as ex-DCLK investors looked for another worthy internet advertiser. I think we are seeing the beginnings of some of that loose cash finding its way back to the markets. Tomorrow's volume should give us confirmation of that presumption. Rande Is

To: carepedeum2000 who wrote (27973)	6/19/2000 4:31:00 PM
From: Silver_Bullet	Read Replies (1) \| Respond to of 57584

Path of least resistance is up. Many are have been caught by surprise with this last move. I think it was more apparent that this move was coming. My reasoning is this. There just isn't any selling so the small amount of buying will make us move up nicely, and those playing catch-up will help fuel the move and bring volume. All of the selling occurred months ago during the peak of the momentum driven tech-train-wreck so the only one left are the buyers. The funds that I follow have very little cash left so they have been buyers in this tight trading range all along. Do we have the power to bust into the mid 4000's? I don't know, but momentum is building and we all know that momentum rules the market. It may take a few back and fills but I just don't see a correction any time soon. The many traders sitting on the sides in cash will help fuel the momentum as they try and play catch up. Thus this move could have been seen, I was lucky enough to get the full move today. I'm either bullish or bullsh*% but hope that I made sense. As always watch the bottom side and make sure the stops are in place. FT