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


To: Mike McFarland who wrote (33065)8/28/2000 10:36:12 AM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
All good points. Thanks, Mike. Noticing higher priced low-floaters breaking today. . . ACCL [4.0m], HTEK [1.6m], OTWO[1.3m], ONIS [8.0m], and SONS [5.0m] all seeing considerable activity today on low floats.

Internet advertisers calmed down some, except ENGA which has greatly lagged the sector, IMO. ASKJ, MCOM & COVD having a good day. NOTE: I am studying today as a precursor to the rest of this week. . . I believe our winners of the week will have unusual activity today.

On momentums. . .DSLN and CALY gaining some attention today. . . Hoping we see some stretching out on ASYS. . .still a bit too volatile here. . . it does better when it is stretched out. . .and volume slows. . . then goes completely out of control. . .when short-sellers lose their grip. Cannot turn back on these low floaters. . .not this week. . .this is their week. I'm not even watching the "regular" traders like CSCO, BRCD, BVSN, PMCS, CIEN, QCOM, AETH, INTC, etc. . . as these are fairly boring by comparison to the sharp moves in low floaters and garbage this week. . . though GLW made a significant high today.

ACCL could become a momo this week, all things considered. Also, OTWO could see major activity this week as it nears the end of its QP. DSLN has strong volume. . .having already traded 1/10th its 24m float today.

Rande Is



To: Mike McFarland who wrote (33065)8/28/2000 12:02:27 PM
From: Rande Is  Read Replies (6) | Respond to of 57584
 
We've named Cult Stocks several times here. . . .and it is a subjective call. . . .but if we extend our thinking out to include larger stocks. . . possible cult plays could include SCON, MSTR, RMBS, TERN, PLUG, RMTR, XYBR, RRRR, BLUE, NTRO, MCOM, HLIT, LPTH, QCOM, SONS, GLW, CIEN, EBAY, AVNX, VERT, CMGI, ICGE, ENGA, CLRS, FNSR, POCI, ADAP, DRMD, DRIV, GERN, VPHM, ORCH, LEXG, PMCS, PHCM, even tiny stocks like KTEL, EGLO [1.9m], COOL, etc. . . . .note. . . of this group and as of this moment, I'm holding fewer than 10 of the above. . . .but will be moving in and out of many stocks this week. . . . thinking in terms of whether they are a Cult Stock or a Low Floater. . . . nothing more.

Bob Pisani says, "there are buyers, and they are pushing prices up, but there aren't a lot of sellers". . . . . HELLO!!! That is the new definition for "Holidility"!!

Rande Is