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

To: American Spirit who wrote (46675)	2/5/2001 8:46:36 PM
From: DlphcOracl	Respond to of 57584

American Spirit: It is difficult to know when stocks such as SUNW, CSCO, or CMTN are "at or almost at their bottoms", which is why I have avoided the temptation to buy tech stocks with the NASDAQ at 2600-2700. I thought ADCT at $15 was a steal ( and, frankly, it is) but it has drifted down to $13.38 in only three sessions. I still think the NASDAQ will retest the lows several times before it regains its footing. I see the NASDAQ dropping to 2300 or lower from mid-March to mid-April and probably doing it again ( or possibly hitting 2100-2200) during Q2 earnings reporting season in July. That is when I will be aggressively buying tech stocks and the QQQ's.