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

To: carepedeum2000 who wrote (44895)	1/8/2001 12:17:28 PM
From: Laura E.	Read Replies (1) \| Respond to of 57584

PSIX seeing some action

To: carepedeum2000 who wrote (44895)	1/8/2001 12:53:10 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Reality check. Last January banks, retail, oil and other "boring" sectors were at their bottoms. Since then many of those stocks have doubled or more. This years bottoming sector in January seems to be the techs. But just when despair is in the air that is when it's time to buy. You may want to wait because bottom-picking is risky but all stock transactions are risky nomatter where you buy. Anyway, I'm watching SUNW, YAHOO, CSCO and a few others and I'll strike when they reach maximum despair level (IMHO of course). Also watching IBM as a bellweather and GE as a blue chip. Question to ask ourselves is at what point does YAHOO for instance (down from 245 to 26) become a solid buy? YHOO is the dominant internet company IMHO because everywhere everywhere uses it. Yes they are not a cash machine but they do make money and these days I do all my e-shopping thruogh them, esp all my airline tickets. Simply put, how low will the slowdown take us versus expected continued rate cuts? That is the question. Also, what is your time horizon? Fo the longterm investor ignoring the daily manipulations of shorts makes sense. Just buy into their BS. If short-term then U pick 'em (those bottoms that is). I repeat that shorting down here is IMHO riskier than going long. The trading range on SUNW this year for instance MIGHT be 25-45. It's now at 26. Simple math.