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


To: Rande Is who wrote (35776)9/21/2000 7:39:13 PM
From: fellowfool  Read Replies (1) | Respond to of 57584
 
Hi Rande-your assurances are appreciated. For the T/A experts on the thread, here is a link to a link from Iqbal's thread. Perhaps Kevin Shea, Mark or anyone could comment?

Message 14426254

Thank-you



To: Rande Is who wrote (35776)9/21/2000 7:43:42 PM
From: wyllisx2  Respond to of 57584
 
Rande,

Just like everything else market related the dates of the major moves & trends seems to be coming earlier every year. This year it seems to have been 2 weeks earlier than last year all the way up to today.

So thinking that perhaps there might be a little manipulation going on by the BIG$$, no wait that couldn't happen could it? Yeah right! Anyways since the public has gotten wise to this trend everybody got back in a couple weeks ago. Then they waited for the big jump all the time counting the money they were going to be making.

So now that all the public's money is back in NOW is the time for the MM's to pull the bottom out & take all their money away. By the way the MM's are all short. So John Q Public see's the drop tomorrow & he's going to be calling his broker with frantic sell orders. The MM's thoughts...AHHHH Capitulation, NOW is the time to cover.

But now the savvy players are standing back & seeing this & buying up all the high quality tech stocks. Maybe I'm wrong but I think that's going to be manipulated too & the recovery will be held back a couple of days.

Don't get me wrong Rande I know you are much better at this than I. Just my 2 cents worth.

John



To: Rande Is who wrote (35776)9/21/2000 8:08:35 PM
From: Smart_Money  Respond to of 57584
 
After reading this tell me the MM's were not short! It was in the cards.
viwes.com



To: Rande Is who wrote (35776)9/21/2000 8:10:21 PM
From: GREENLAW4-7  Read Replies (2) | Respond to of 57584
 
Well we finally got what I expected. A NASD 100 stock warning and guess what sector, the CHIPs, and guess what stock, INTC!! I have been short the QQQ since we hit 4200 about 3 weeks ago. I still feel the institutions knew about INTC and the slow down or PEAK in the chip stocks. I noticed many institutions were net sellers all August in the chip stocks as the retail investor took the NASD back up.

I firmly believe we live in a market place where its the INSTITUTIONS vs. The RETAIL investor. I think its sad because again it will be the little guy who gets SCREWED over the next several months!!

For the record I covered all my DRILLER's that I shorted a while back. I got much more of a pull back then I actually expected. But to all who follow the OSX, I went long in several stocks today based on the feeling as NASD sells off money will flow into the EARNINGS GROWTH area. DRILLERS are actually going to have the most year over year earnings growth going forward. Also Clinton will not tap into the Strategic Reserves, so oil and the drillers should bounce after this 12-16% correction. ( HAL, DO, GLM, RIG, NE, ESV, RDC my favorites)

Still short LFMN, and recently in HYBR. Long WDC, RDRT, IOM

Its still my professional opinion INTC will not be the last NASD 100 stock to warn!!

Good luck ALL!!!



To: Rande Is who wrote (35776)9/21/2000 8:23:38 PM
From: wyllisx2  Read Replies (1) | Respond to of 57584
 
Rande,

Just like everything else market related the dates of the major moves & trends seems to be coming earlier every year. This year it seems to have been 2 weeks earlier than last year all the way up to today.

So thinking that perhaps there might be a little manipulation going on by the BIG$$, no wait that couldn't happen could it? Yeah right! Anyways since the public has gotten wise to this trend everybody got back in a couple weeks ago. Then they waited for the big jump all the time counting the money they were going to be making.

So now that all the public's money is back in NOW is the time for the MM's to pull the bottom out & take all their money away. By the way the MM's are all short. So John Q Public see's the drop tommorrow & he's going to be calling his broker with frantic sell orders. The MM's thoughts...AHHHH Capitulation, NOW is the time to cover.

But now the savvy players are standing back & seeing this & buying up all the high quality tech stocks. Maybe I'm wrong but I think that's going to be manipulated too & the recovery will be held back a couple of days.

Don't get me wrong Rande I know you are much better at this than I. Just my 2 cents worth.

John



To: Rande Is who wrote (35776)9/21/2000 8:29:16 PM
From: Gary105  Respond to of 57584
 
enjoy your posts. how do you judge that a bottom is in place? will you be buying during tomorrows selloff and possible Monday aftermath? any specific targets? over time the market is using selloffs in individual stocks to return them to traditional valuations
thanks



To: Rande Is who wrote (35776)9/21/2000 8:35:24 PM
From: HiSpeed  Respond to of 57584
 
I would expect that early next week will be the bottom as margin clerks start whacking bids - given that the calls are based on 4pm close; not A/H close. Stocks closed fine today, but Friday close should be ugly - leading to margin selling early next week.

Naz support is (was) ~3650 which will probably be breached Friday. Next support is 3100 +/- 100 imho. I would like to start accumulating around nasdaq 3300.

INTC was the last leader to fall as MSFT/CSCO/DELL already damaged goods for past year or so. bwdik



To: Rande Is who wrote (35776)9/21/2000 8:38:57 PM
From: Condor  Read Replies (1) | Respond to of 57584
 
Thanks for that great advice Rande. I couldn't agree more however, would this be a reasonable time for one to liquidate their losing position in stocks that they are least optimistic about in consideration of tax loss selling ?
Would appreciate your comments in this regards.
Thanks
C



To: Rande Is who wrote (35776)9/21/2000 9:08:49 PM
From: mike machi  Respond to of 57584
 
Very well said Rande,

Thankful to be 75% cash, bring us home tomorrow.. If anyone can, its you...

Thanks, Mike



To: Rande Is who wrote (35776)9/23/2000 8:32:01 PM
From: rjjjepst  Respond to of 57584
 
Rande would you go to cash now. Or wait. I understand the parallels you are drawing from the past, but right now I am fully vested. Of course, on the downside as far as profits go. In other words, would you sell some of the losers, sit on cash, and wait for the hopefully, upside in October.