Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rande Is who wrote (34278)	9/9/2000 1:02:14 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Fascinating Rande. They give you three days to borrow then push the market down 1-2 days more giving them the right to liquidate at low-low prices and scoop up those cheap shares. They also do this to individual stocks. Not the brokerage houses but the MM's. I am amazed now by the fact that BEBE and ANF which I lost so much money on when they plunged from 28 - 9-10 are now almost back to their old prices. And almost NOTHING has changed. UIS was my other big loser (26-9 route) but I doubled up and am going to hang on now long-term because it's already 1/3 of the way back and was up nicely yesterday which leads me to believe the 20's will return soon. Will the same follow for NOVL, LOR, IFMX, CPWR and others which were wiped out 70%? Sure, is UIS can do it why not the others? And now there are the telcos. Okay at least three was a semi-rational reason to push T down from 60-30, with 400 billion (or whatever the figure is) in debt buying the cable companies. But when WCOM and FON were just taken down we saw a blatant manipulation on the short side. There is no way WCOM is a $30 stock in this market. Thank God SBC and VZ are going up amidst this. It leads me to believ FON, WCOM, LU and T will soon follow. And the big boys will have shaken all the weak hands and panic sellers out. You do over-state though when you say one might be liquidated on the 4th day. I have been caught a few times but all I had to do was sell one stock, enough to last one more day and then then market would usually start recovering. I'd just sweat it out 1-2 days. Problem is a lot of weak hands panic and sell everything or even let themselves be liquidated. I would never let myself be liquidated. I would sell something myself first. I saw myself in your warnings though a bit. I am now almost fully margined with about $5,000 breathing room only. Because yesterday I bought WCOM, LOR, CPWR, LU and FON. My logic was that these stocks "can't" go any lower (gut feeling) and have to start rebounding at least by Tuesday or Wednesday which would be the day of any margin call. But it makes me realize we do play with risk here. Still only by taking the risk can you reap the reward. Buying at the bottom may seem risky but it's actually a lot less risky than buying near the top. Obviously. Yes there is manipulation. But on the other hand maybe they have the right to squeeze us if they're willing to let us play with their money. It's true I have about $100,000 credit to buy stocks with Fidelity which isn't mine. It's the house's money right?

To: Rande Is who wrote (34278)	9/9/2000 2:25:26 PM
From: moufassa7	Read Replies (1) \| Respond to of 57584

Rande Is, I've enjoyed reading your previous posts, they are thought out and well written. You must have been an english major LOL. FWIW, here are my thoughts on the NAZ outlook; I think the NAZ will bottom between 3700-3800. 1) this would be a 68% retracement of the move from 3520 low on 8/3 to 4260 high on 9/1. 2) thursday's head fake rally sucked in money that will have to be liquidated, perhaps extending your 4DML a few days. 3) I think lower prices are needed to induce the vacationing fat cats to buy, they clearly were not interested in paying full retail last week. Well thats my take, I think short is the way to be the next few days, setting up a good trading rally to follow. Your thoughts are appreciated.

To: Rande Is who wrote (34278)	9/10/2000 11:26:53 AM
From: charlie mcgeehan	Respond to of 57584

interesting and informative post. i usually hang at stan's thread (at least when they put up with me <ggg>) and we have been discussing lately the amount of attrition on si...not just this past spring but more in the last 2-3 months. i think ian mcguire mentioned here that we suspect the pro's are fading typical ta and that many of our normal trading patterns are breaking down just as they set up. i really appreciate (as i'm sure your thread regulars do) your accurate reading of market direction and the 4DML. it is getting harder and harder to successfully trade this market and i think very important that we unite and share as we can to improve our chances and success. as an aside, i am always amazed at the response from people when they hear that i trade stocks for part of my income. almost everyone is starting to get involved or has plans to get involved in the market - actively not passively. i always caution them about doing so and that they have a lot to learn before throwing their money to the wind but i suspect few listen. there are times i think the big market players are as crooked as siding salesmen fleecing old people and they are just as seldom prosecuted. my best to you charlie

To: Rande Is who wrote (34278)	9/11/2000 10:21:50 AM
From: Rande Is	Read Replies (3) \| Respond to of 57584

According to my research on 4DMLs and 5DMLs, etc. there is considerable evidence that we could be setting up for a move higher within a few hours. If we get sudden bursts of buying on volume, I'll be there buying with them. The odds are against setting up for another end of day squeeze play. But even if it is, it would lead to a quick bounce back. . . so buying early has less associated trading risk. I am a bit put off by the fact that nobody pointed out that what we have had this week was actually a 5DML. Today would be the 6th day since the morning gap up, which triggered the start. The upward leg "brief relief" was actually on the 4th day, rather than the 3rd, which is typical. Why nobody spotted that means that either this stuff is not getting through .. .or we have the sort of complacency that has been hammered into the heads of U.S. citizens through television. Never lose your edge. Complacency is an enemy of freedom. Rande Is