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

To: Mark Konrad who wrote (31769)	8/10/2000 4:25:23 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

Mark, even though I have been long very little, I want to say how valuable your insight has been even as we play different sides of the table. And I can't wait to re-join the bulls in early September. Especially like the semis, ADI, TXN, CNXT. Fibre: LPTH, FBCE, POCI, FNSR. Also NTAP, RFMD, CREE, ADAP. Wireless AETH, SVNX, NOK. Just don't feel that the reward near-term in being a bull is worth the risk. I think that I carry a shot-gun and you carry a nice rifle. maybe with a scope. So I have to use a less precise techniques, going with the flow, not using much ammunition when there is no rally. Being in a position to profit with my shotgun when there is. Finally covered both short positions in AETH today at open. One from 177 and one from 162. Don't want greed to get the best of me. New positions in BRCD, AVCI, AVNX and EXFO, QQQ all acted nicely. JDEC did nothing. Still holding Rande's ISRG short for old-time's sake from 17 1/2. With Mark's bullishness, I will be alert to cover in the AM if market seems to be turning. Still profiting from testing the short side and covering on rallies. Sometimes flip-flopping to long, but primarily short. Still long in mutual funds with Financials, value, and energy.FSFSX since May has been very nice. Added some WPJPX below 13, averaging down. Japan high tech seems to tracking the SOXX, except it turned down earlier and may turn up later. Who knows? finance.yahoo.com Still expecting the possibility of some kind of sharp drop before FOMC or between it and Labor Day and hoping to profit handsomely on the short side. If there hasn't been capitulation by the FOMC, I wouldn't say that we are not out of the woods yet. Remember what happenned on 1/3-1/5/2000 in response to the relief of y2k