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

To: American Spirit who wrote (45944)	1/21/2001 1:59:19 PM
From: BANCHEE	Read Replies (1) \| Respond to of 57584

AM Well put. I agree that there is more upside to this market. As far as micro caps go...I been picking them Thrs and Fri. True that some have gone up 100,,200 ,,300%....But what are we talking about..from less then a $1 to 2 or 3$s...and notice that they haven't falling back to bottom prices. Some of these had real high prices and I agree that they were over rated but look at the companys....They don't belong at these low prices......psix,mrch,vntr,tfsm,navi and a host of others..Throw them out and I'll pick them up cheap and HOLD for a 2,3 4 bagger,,,,I'll sell half and keep half. REMEMBER how they got there....For the past few months, the shorts have been in control of the market..It didn't matter if the co. was good or not..They just kept taking the market down and down and the cos with them..Any kind of negative news and bang down they go..They just didn't take them down....They stomped on them so they couldn't get up and when they tried, they were there to stomp on them again...And I'm not just talking about the small ones....all of the stocks...It used to be the shorting was done by the pros and select traders....Well a lot of trades have learned to short..More then ever before... It was easy, just like when the market was easy to make money on the high flyers....AG raise the rates because the economy was going crazy (so he says) and he sticks a pin in the bubble and it blows up more then he wanted it to and everyone started to talk the economy down and down.. Cos started holding back orders and canceling some causing a chain reaction all the way down the line....What a great time to short......any they did..... Well things are starting to turn around....and as they say """every dog has its day""" Some say that stocks are moving up to fast....They have to because of all those SHORTS are now starting to cover their positions...More and more will do the same....As they do the market will go up... Don't forget that when you are long you can only lose the money you put into the market(if you sell)but when you are short, there is not limited to what you can lose.... So you say that I believe that we are starting to make a come back......But just like we had a lot of longs that kept hoping that the market will go up we will have a lot of shorts that will keep hoping that the market will go down.. So we will be in for a fight and interest rates and money on the side lined will be the catalist..... So I'm a bull along with Randy........ Banchee PS This means that I will be holding more... then trading for a 1/8 or more of a point..