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

To: mozoneman who wrote (44741)	1/5/2001 2:49:55 AM
From: The Flying Crane	Respond to of 57584

Mozoneman, thanks :-) Thought I'll add a little more on the issue of the broken clock... Because a broken clock is correct twice a day due to the fact that the real time passed it twice a day, there are plenty of time in the day that the broken clock is NOT correct. Unfortunately, for the lack of a real workable crystal ball, we can only guess, predict, or extrapolate the time of the day that our broken clock will be corrected. As we all know, a lot of time, we will be wrong and a penalty will be enforced on us if we bet our money on it. Due to the fact that we can be wrong so often, it is extremely important that we try to minimize the penalty by cutting our losses FAST! This way, when the time come that your broken clock actually reflected the true time, you will want to ride the wave that will surely come your way. You will ride it until the true time moved so far away from your broken clock time that the wave begin to subside. And the trick is to learn how to get off the wave during its peak before subsiding. Anyone know how a professional blackjack player or poker make big money? They played relatively small bets often times and only make big bets when they know and feel that the cards are in their favor. How they know or feel that their broken clock time is approaching the true time is depending on their level of experience and knowledge on the game. Why do you think these players played a lot of small bets before landing some big ones? It is because they all know that the broken clock time is wrong comparing to the true time more often than not! NO ONE has ever called their broken clock time to the true time correctly all the times! It is literally, physically, and mentally impossible! However, if you're willing to spend time to investigate, learn, study by trials and errors, and observe the surrounding activities when your broken clock time matched the true time, you may eventually come to develop an intuition that will improve your odd in calling the true time. Like a seasoned Blackjack or poker player, he/she will develop an intuition when to beg big. The added benefit of the time spent in learning their crafts is that these players also know when to fold their hands, walk away from the money already lost, and NEVER look back. If you're still reading here, then I hope you find a common theme that I'm trying to bring to your attention- that YOU MUST dedicate yourself to SPEND TIME to learn everything you can find about trading successfully in the stock market, from psychological to technical. There is no SHORT CUT here if you want to be successful CONSISTENTLY. There will only be a minority group of consistent winner in this trading game. And I believe these winners spent a LOT of time and energy to learn about the craft that they have a passion for. I see there are a lot of people who can't or won't spend the necessary time to learn about trading (both psychological aspect and technical skills) and yet they want to win consistently. And I see them looking for short-cut by following Mr. X's or Ms. Y's picks. The problem with following other picks is that you're still looking outwardly instead of inwardly. Thus, your learning is already limited. However, the moment you spend some time trying to understand why Mr. X or Ms. Y picked certain stocks and how they handled the psychological aspect of the trading, you can learn and grow from the experience. How fast and how good you can learn and grow from your experience will depend entirely on how much time you'll invest in yourself in this area. Just remember this, there is no substitute for HARD WORK. Trading successfully in a consistent basis is extremely difficult. Just ask yourself this, if you're willing to spend years in college and professional school to learn a particular trade (doctor, lawyer, accounting, art, music, etc.), why won't you spend the necessary time to learn how to trade successfully? Ooop, I babbled too much again! Good Luck to you all for Year 2001! Over and out...

To: mozoneman who wrote (44741)	1/5/2001 8:37:59 AM
From: vagabond	Read Replies (1) \| Respond to of 57584

Just to recap, here are a few of the major stocks of interest that have issued warnings since yesterday's regular-hours session (and in some cases already been downgraded -- the rest certainly WILL be, soon) -- followed by an overall summary, which includes these and others as well... NXTV, BWEB, SAPE, KEYN and CMTN ====================== (REUTERS) HEADLINE STOCKS - U.S. stocks to watch on Jan. 5 HEADLINE STOCKS - U.S. stocks to watch on Jan. 5 NEW YORK, Jan 5 (Reuters) - U.S. issues to watch: -- Major credit rating agencies Fitch Inc. and Standard & Poor's on Thursday after the market closed downgraded the debt of utilities -- Pacific Gas and Electric Co. and Southern California Edison (SCE). Shares of the parent companies of two utilities -- PG&E Corp. <PCG.N> and Edison International <EIX.N> -- had nose-dived Thursday on the New York Stock Exchange. PG&E ended at $12, while Edison International closed at $10-3/4. -- Communications equipment maker Next Level Communications Inc. <NXTV.O> on Thursday after the market closed cut its growth outlook through 2001 due to lower sales to Qwest Communications International Inc. <Q.N> and slower-than-expected customer development in Korea. Its shares closed at $10-13/16 on the Nasdaq. -- Gourmet coffee chain Starbucks Corp. <SBUX.O> said on Thursday after the market closed that sales at company-operated stores open at least one year rose 8 percent for the five weeks ended Dec. 31 compared with the year-ago period. Its stock ended at $41-1/8 on the Nasdaq. -- Communications company Copper Mountain Networks, Inc. <CMTN.O> on Friday before the market opened said its quarterly revenue will be lower than expected because of weakness in the competitive local exchange carrier customer base. Copper Mountain closed at $4-3/4 on the Nasdaq. -- InterTAN, Inc. <ITN.N> <ITA.TO>, which operates retail stores in Canada and Australia under the Radio Shack and Tandy names, on Friday before the market opened said its quarterly earnings would miss Wall Street forecasts because of rising expenses. The company closed at $11-11/16 on the New York Stock Exchange. -- Software giant Microsoft Corp <MSFT.O> will unveil the first demonstration of its new Xbox video-game console's technology on Saturday at a Las Vegas electronics conference, the Wall Street Journal reported on Friday. Microsoft closed at $48-7/16 on the Nasdaq. -- The immediate future of Lockheed Martin Corp's <LMT.N> planned F-22 jet fighter is in doubt after a senior Pentagon official recommended delaying initial production for as long as a year, the Wall Street Journal reported on Friday. Lockheed closed at $33.40 on the New York Stock Exchange. -- The ailing Internet toy store eToys Inc <ETYS.O> Thursday after the market closed said it would slash 70 percent of its staff and close two warehouses following a dismal Christmas season that diminished its hopes for making money any time soon. Its stock closed at 5/32 on the Nasdaq. -- E-services consultancy Sapient <SAPE.O> warned on Thursday after the market closed that its quarterly earnings per share was 16 percent short of Wall Street consensus forecast. Sapient closed at $15-1/16 on Nasdaq. -- Telecommunications- equipment maker Brooktrout Inc. <BRKT.O> said Thursday it expects fourth-quarter earnings and profits to miss expectations due to a general slowdown in its core market. Brooktrout closed at $10-7/8 on Nasdaq. -- Semiconductor product maker Semtech Corp. <SMTC.O>, citing customer adjustments of inventory levels, said on Thursday after the market closed that quarterly revenue is expected to be flat compared with the third quarter. Its stock closed at $22-3/16 on the Nasdaq. -- Grocery store operator Delhaize America Inc. <DZA.N> <DZB.N>, which controls Food Lion and Hannaford Bros., said Thursday after the market closed its quarterly sales were more than 32 percent higher than a year earlier. Delhaize America closed at $17-5/8 on the New York Stock Exchange. -- Adhesive products maker Avery Dennison Corp. <AVY.N> warned on Thursday after the market closed that fourth-quarter revenues will fall short of expectations due to sluggish economic conditions in North America. Its stock ended at $56-1/16 on the New York Stock Exchange. -- Guidant Corp. <GDT.N>, a maker of medical devices, said on Thursday after the market closed it expects quarterly revenues below expectations, which could cut earnings per share by 2 or 3 cents. Its stock ended at $51-5/16 on the New York Stock Exchange.