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

To: Rande Is who wrote (41482)	11/16/2000 9:14:52 AM
From: carepedeum2000	Respond to of 57584

heres my view rande, the rally we've seen has been on fairly low volume, seen as short covering, with some near term resistance at 3230 area on naz, fed did not give us a boost, gore could get some court injunction to delay the process some more (probably a long shot) and the buyers are still waiting for follow through, absence of volume and follow through, they sit on the sideline, bringing back the "valuation" worry on the high fliers, high fliers need an easing fed to increase their multiples, until we see the volume return, we are stuck in this downward trending trading range imo

To: Rande Is who wrote (41482)	11/16/2000 9:16:09 AM
From: Rick Buskey	Respond to of 57584

Thanks Merril----cut the "Chips".Not going to be a good day. Message 14821979

To: Rande Is who wrote (41482)	11/16/2000 9:21:24 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

. . . . . Phoenix Plays AGAIN. . . . . . If we had better identified some of these Phoenix plays early on, we would be holding about a dozen DOUBLES in the past month. Yet, thanks to AJ, we were able to identify many of them in time for some serious gains. Like I keep saying, despite the market direction, there are stocks out there that are steadily gaining momentum and price. . .making base-upon-base. . . and even doubling in as little as 4 weeks. Here is another portfolio for tracking purposes. . . .I made the date of purchase roughly that of when we added these to the Phoenix list, as best as I can re-enact the discussion. Again, this is for educational purposes, so that we may demonstrate that there exists a group of stocks under steady accumulation [mostly by mutual funds], which outperform the markets and rise from the ashes of a weak market. . . hence the name Phoenix. Stocks which fail to continue their upward trend, begin to break down on weakening volume or just fizzle out. . .are removed from the list. Those which strengthen and show gains over a 2 to 4 week period, where the SAME period in the associated index was clearly lower are called Phoenix plays. It is very difficult to add a Phoenix. . . but easy to remove one. I use 100 shares of each as my standard for portfolios. . . this method automatically weights them with more money in the larger caps and less in the smaller ones. I call it a Board, since it was not originally constructed as a portfolio. I hope you enjoy this board. . . and accept it in the spirit with which it is presented. HOME grown Phoenix Board: siliconinvestor.com Thanks, Rande Is

To: Rande Is who wrote (41482)	11/16/2000 10:19:38 AM
From: SirRealist	Respond to of 57584

Hi Rande; I was just as confused as you on the market direction this a.m. but as near as I can paint it, recently the mkt tends to decline on CPI day, good numbers or not. Further, the Fed is clearly signalling that it wants NASDAQ lower, because there's no place else left where inflation exists. Third, with triple witch day tomorrow, this may be a dip before a rise. At this point, I see us stuck in a yoyo with a range of 2850-3400, with a brief shot to get to 3550. The real 'why' is that we've yet to adjust for a whole slew of lower valuations. That standard PE of 30 for tech may go down to 25 or 20; the same with X-times-Earnings and other ratios. Uncle Algae's 'bias' is to bring this chrt to a level of sustainability: bigcharts.com