Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rande Is who wrote (46409)	1/31/2001 2:26:21 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

ALERT: FED says economic weakness a "bigger risk" than inflation. Cuts overnight bank loan [Fed Funds] rate a half point to 5.5%. . .Cuts Discount rate 1/2 point to 5%. Sees eroding consumer and business confidence.

To: Rande Is who wrote (46409)	1/31/2001 2:32:31 PM
From: Bucky Katt	Respond to of 57584

Rande, had been long the dow & ndx for several days, cashed out on the little spike after the release. As always, buy the rumor, sell the news....too little to late..it should go up longer term though, but I am not going to push it today.

To: Rande Is who wrote (46409)	1/31/2001 3:18:20 PM
From: Mark Konrad	Read Replies (3) \| Respond to of 57584

The fires have yet to be lit under the next rally but the floor is much more firm, imo. Some larger-cap techs (IBM, MSFT, AOL, for example) are at or near overbought conditions and need a pause. This will slow the indices (QQQ); a good time to take some of those profits and put a little to work in other opportunities that are not yet so overbought (RFMD, HLIT, AFCI, ISLD, NTRO, WFII, etc). But most techs will ultimately continue higher after current gains have been digested. All in my happily newlywed opinion, of course--MK--