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

To: American Spirit who wrote (46576)	2/3/2001 4:42:55 PM
From: GREENLAW4-7	Respond to of 57584

A-Spirit, I agree they are not profitable but they also ARE NOT EFFECTED BY A RECCESSION!! I believe we are now going into a 1990-91 enviroment. If you take out the gulf war, tech stocks were range bound between 89-93. I still think we will test 1600-1800 sometime in the near future, but money will still flow, and the funds need SPECULATION. I just feel more comfortable being long Bio-tech in this market instead of tech at the current time. It feels like the big boys are waitning for earnings warning season to start before they support the market. In regards to the support of the market, I was surprised how well the nasd held above 2700. I actually think nasd will bounce back in the coming days, and move to 3100 as most now think the market is heading to 2200. the market always acts in a way to help the MM make the most money. I covered many shorts on friday, but still holding sevaral, but more importantly I WENT LONG..........for the first time in 2 weeks!!!! Watch the market tank now 2-3 days in a row! LOLOLOL