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

To: American Spirit who wrote (37469)	10/5/2000 11:59:32 AM
From: Joe Smith	Respond to of 57584

BOwed but unbroken. Nibbling at OPLK and COSN here. With stops. Triple-bottom at NDX 3400? We can only hope. <g>

To: American Spirit who wrote (37469)	10/5/2000 12:00:37 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

. . . . . . . . . . Shake Shake Shake! Shake your BOOTY! . . . . . . . . The Shakeout has a long history on Wall Street. By definition, the idea is to first force the smaller investors to cough up their shares at the lowest possible price, doing whatever that takes. Then get the biggest investors into the best stocks at the lowest prices. The big brokerage houses can load up their storehouses with the best stocks at the lowest prices, because they are fully aware of the demand for these stocks and are "certain" that we will bounce. [Individual Investors still have doubt] Brokerages can bounce up the price on "Capitulation Day" and THEN distribute shares to their investors. . .as they gradually "allow" the markets to rise. The pain of this sort of "drip, drip, drip" torture can be immense. Just ask those who carry the scars of prior market dumps. Until we hit zero, there can always be a lower floor. That is why I've been slow to jump back into this market. I am in the telecoms, since they have been dumping longer than the other techs. But I am staying completely out of box makers here. PCs are now being viewed as "appliances". . . like freezers and washing machines. . .growth is slowing. . .these former darlings, which used to stun the markets with their incredibly strong growth are rapidly turning into boring industrial manufacturers concerned with earnings. And the bad news is that we may be looking at a "Compound 4DML" on the COMPX beginning Sep 29 and compounding on the gap up of Oct 3rd, meaning that today and tomorrow [day 3 & 4] could see massive selloffs in the final two hours. Taking the markets down further ahead of what could be a Poor Earnings season makes quite a bit of sense. On the bright side, my shorts are doing well. And my port has remained relatively "unch" whether we were up or down. And more importantly, the patterns of this market are once again becoming easier to see. And the manipulators are again becoming easier to read. Rande Is