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

To: Jane4IceCream who wrote (38626)	10/17/2000 9:54:35 PM
From: Tradelite	Read Replies (2) \| Respond to of 57584

Another comment I heard today also surprised me a bit, in that it made me think.... If you think mutual fund managers (the smart money?) are holding on to their stock winners, maybe you should think again. They have to sell their winners to balance out their losers....uh oh. Other thoughts and observations: For one thing....as soon as techs recover, all the money that has gone into "safe havens" (energy/oil, Walgreen's drug stores, pharmas, etc.) will drain out of safe havens and back into techs. If invested in safe havens, beware. I want some GE on the cheap really bad. Afraid to buy. Saw a news item the other day which said Maytag reported lower profits due to slowing sales. We already know Best Buy dumped all of its appliance sales, but this wasn't bad for GE, because Home Depot picked up appliance sales and is promoting GE appliances. However, you saw what recently happened to Home Depot stock-----down 30 percent in one day on a profit warning. What if GE reports a lousy quarter next time due to slowing consumer demand for appliances? (and yes, I know GE does more than sell appliances, but you know how the market over-reacts to little items of bad news). This is one reason I'm lengthening my outlook for recovery in the market to many months, not a week or two. I'm keeping my net out for a few select stocks IF they meet my very low price targets.....other than that, I am heavily invested in fixed-income investments and sleeping (a little) better at night.

To: Jane4IceCream who wrote (38626)	10/17/2000 10:01:16 PM
From: Trumptown	Read Replies (2) \| Respond to of 57584

Wow...what a blood bath out there...! RFMD, COVD, CMTN and others got obliterated in afterhours... When does it end? This downtrend has been so tenacious, total capitulation is becoming inevitable. Resistance is futile! SR

To: Jane4IceCream who wrote (38626)	10/17/2000 10:03:58 PM
From: StockOperator	Read Replies (2) \| Respond to of 57584

Jane, <<<"Charts, TA, FA, resistance levels, trends, etc... mean little in this market">>> I hate to disagree with you (respectfully) considering this is my first post on this thread, but a quick look at a long term chart (monthly) for stocks like RNWK, CMGI and especially AOL would point to one of the most obvious of reversal patterns known to technicians - Head and should patterns of the most massive size. Those were just some of the clues that techs were in trouble. Of course the recent break in their stock prices is obvious now, but lets take a look at some of the high flyers YET to show signs of weakness. Take a look at PMCS's chart on a WEEKLY basis - what do you see? While your at it also take a peak at BRCM, same time frame. Close observations to what stock prices do on a multi-time frame will often show what the smart money has in store for prices. Both PMCS and BRCM have formed obvious H&S for this time frame. Although this pattern is not 100%, considering this current market environment I would say that the smart money is distributing their position in these co's. The breakdown in their prices should show itself over the next couple of weeks. I could be wrong, but at least the charts are giving me a "heads up" to what might be coming. Good trading, SO