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

To: Jane4IceCream who wrote (46537)	2/2/2001 8:07:13 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Don't worry about Softechie. He'll go away once the techs rebound sharply, which they will, probably some time Monday. At least by Tuesday. Softechie's problam is many of ours. When we win we get over-confident and boast and thnk we're geniuses. But then we hold our position too long and that gain gets wiped out. That happendd to ST last time and will again if he thinks this market is going to crash. Expect the shorts to be very vocal this weekend, at least those not smart enough to cover at the end of the day. They're very nervous holding over the weekend and should be. Take SUNW for instance, beaten down by shorts today to 29 and change. That could easily be back at 32 my Monday lunch-time catching a whole lot of "going down to 25'ers". SUNW by the way is one stock which didn't go up the last there weeks. Still very near its low. Down to 40 PE it's not going down long or far, if at all from here. But they just don't see that. Shorting at the bottom. You know where that gets you. We were a little overbought there, though only in select stocks. Today's wash out uncovered many stellar bargains. Don't expect buyers to ignore them next week. I certainly won't.