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

To: Smart_Money who wrote (34420)	9/11/2000 3:05:25 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

LU...I thought a buy at 40 1/16 was pretty safe! In the long run it probably is...38 1/2 would be a steal if this company could ever stop tripping over its own shoelaces. I'll hold for now--MK--

To: Smart_Money who wrote (34420)	9/11/2000 3:14:29 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

. . . . We Officially Have a 6DML. . . . With another near-term low set in on Naz COMPX during the final 2 hours of the day, this qualifies as a squeeze play. . . .or more accurately. . a Margin Liquidation Squeeze. This one happened over 6 Days, making it a 6DML. There has only been one 6DML that I could find over the past 3 years. The only back-to-back 4DML over the past 3 years had a sharp 2 day rally and the characteristic morning gap up which distinguished the 2nd 4DML from the first. In the tracking of 3 years worth of late afternoon margin liquidation squeezes, there has never been a 7DML. So my confidence is very high on a bounce today just before the close. I know it is nail biting time. But blame that on the Wall Street greed. I mean think about it. The big guns come back from their Labor Day weeney roasts and slam the COMPX over 300 points. A meltdown is very unusual and has no impetus this week. So once again, I'll start buying probably right about 3:30pm. . .with the COMPX probably around . . 3870?. . . maybe lower. Playing the odds. We may even get some capitulation today, which would be very healthy for this tech market. . . and may even fuel a rally of sorts. The January 24, 2000 squeeze set up a 5 week rally. Best wishes to all, Rande Is