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


To: mike machi who wrote (35769)9/21/2000 6:44:25 PM
From: JLS  Read Replies (1) | Respond to of 57584
 
On Whittington:
cbs.marketwatch.com

And this is what INTC warned:
The company said it anticipates that gross margins in the third quarter will be 62 percent, lower than its previous expectation of 63 percent to 64 percent. Intel also sees expenses rising 7 to 9 percent from $2.2 billion in the second quarter.

Intel added that it expects research and development costs in 2000, excluding R&D already under way, to come in at $4 billion. Capital spending will be about $6 billion for the year.

http://cbs.marketwatch.com/news/current/intc.htx?source=htx/http2_mw



To: mike machi who wrote (35769)9/21/2000 7:10:05 PM
From: Rande Is  Read Replies (10) | Respond to of 57584
 
This is definitely NOT the time to panic. That is what losers do. And even worse, snakes will TELL you to panic!

Winners cut risk, re-evaluate, stand back and look at the larger picture. And when confidence returns, a winner will look for the best bargains he can find.

FACT: The best time to buy techs in the past 52 weeks was between September 24th, 1999 and October 19th, 1999. . . the Nasdaq composite then was near 2700.

FACT: The best day to buy techs during the prior 52 weeks was on October 8th, 1998, when the market tanked. . .the Nasdaq that day was 1400.

FACT: The best day to buy techs the 52 weeks before that, was October 28th, 1997. . . that day the market tanked horribly on Asian panic.

Are you beginning to see the pattern here?

Before you act, be CERTAIN that your thinking corresponds with the market truths.

It is always prudent to wait until the bottom is in and the coast is clear before re-establishing full positions in volatile tech stocks. This is why.

Rande Is



To: mike machi who wrote (35769)9/21/2000 9:14:32 PM
From: Paul A  Read Replies (2) | Respond to of 57584
 
I just got home- what the heck happened in after hours guys/gals?!?!?!?!

Lets get this over with so we can start finding a bottom already.. I for one will be relieved when we see some capitulation one way or another, no?!

Good luck everyone..