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

To: vagabond who wrote (33681)	9/4/2000 8:53:49 AM
From: GREENLAW4-7	Read Replies (3) \| Respond to of 57584

Rande, over the last month or so I have noticed some serious accumulation in one particular sector that's been beaten down to historical low prices. DISK DRIVE MANUFACTURERS; My watch list are the following; WDC, KMAG, HMTT, RDRT, MXTR, HDD, HTCH, STK, IOM Looking at the recent accumulation these stocks are still at historically low valuations and prices. I have not done enough research into the reasons why the action has picked up, but I do believe there is a 10-15% down side risk with a 85-90% upside. Lately I have been playing mostly short hits, and still heavily short HAL, DO, GLM, SLB. Also started to short LFMN in high 20's. Perhaps my best move recently was buying 25K more PLCO at .19-.23!! The other long I have in IRA is XICO at around 7 and still accumulating. XICO looks like a nice takeover canidate. My views on the market are still VERY BEARISH! I missed the recent run in the Bio's but still feel RISK to REWARD is too steep on RISK side to be in Bio's, especially since Bio index is only 10% from all time high of last Feb. I see a huge tech earning's warning coming about the same time the CPI and PPI are released. Oil will definitly show up in both reports this time since oil has been above 30 for just about 1 month. Perhaps the one sector that I do like going into XMAS is the retailers. Most are seriously oversold and the next 3-4 months are their best! Good luck all, and I wish all the best just remember MAKING MONEY IN THIS MARKET CAN BE BEST ACCOMPLISHED BY THINKING THE REVERSE OF THE MASSES!