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

To: Rande Is who wrote (48757)	3/10/2001 12:53:18 AM
From: prophet_often	Read Replies (1) \| Respond to of 57584

ProfitOften.com...great name for a website Rande. <g> You never cease to amaze me, devoting your time and energy to helping the newbie Individual Investor. If there is a message I would like to convey to the novice investor it is make sure your trading strategies fit the current state of the market. I see too many investors still applying the "buy the dip" bull market strategies of the 90's to a completely different market today. As the markets change, investors need to as well. In the current market, the only way to make money is to be flexible, nimble and play the markets both ways. Next year might be back to buy and hold again. Don't marry tech stocks, just date them while they are in their prime <g>. Learn to trade the trend you see, not force trades based on what you think should happen. It has taken me a long time to learn and apply these principles. It is really strange because something clicked for me just the past few weeks. I am finally able to almost completely take the emotions of fear and greed out my trading and focus on identifying the trend, taking profits when they are there and putting the LTBH mentality on the shelf for a while. I think you are going to provide investors with a much needed and long overdue resource, Rande, and I commend you for taking on the forces much larger than us as individuals. Prophet Often

To: Rande Is who wrote (48757)	3/10/2001 10:38:57 AM
From: prophet_often	Read Replies (1) \| Respond to of 57584

Was looking at some of the posts from a year ago and found this: To:carepedeum2000 who wrote (22278) From: Rande Is Wednesday, Mar 15, 2000 3:33 PM View Replies (3) \| Respond to of 48762 Thanks, Carpe. . . just waiting on the youngest kids to get back. . .their dad is here on a visit. . . Meanwhile, sold some HEAR, AIS, FBCE, EUNI and NTCS. In addition to others I stated I bought for the summer. . . today I added GE, more BAC, more ABS, more NUT, more AMPBB, more RMTR [only spec tech], more LU, stocked up heavily in MCD the other day. . .never got around to BA or some others from our SUMMER VALUE/GROWTH portfolio. Still avoiding biotechs. . . any second more news about making genes free from patents could come out. . . it is too risky, IMO. . . plan on avoiding fiber optics for several weeks. . .and the small cap techs for about 5 months. . .only the LEADERS are worth watching for an early reversal in trend [against the flow] . . . perhaps in a few weeks or a month or so. When I get back, ask me for my target prices. . you won't believe your eyes. . .most of the very best tech stocks should sell off as much as 50 percent or more! They did last year.................... I still don't think I have appreciated what an amazing call that was last year. Congrats, Rande.

To: Rande Is who wrote (48757)	3/10/2001 12:53:31 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 57584

Oracle's CEO Sued Over Stock Sale By David Kravets Associated Press Writer Saturday, March 10, 2001; 5:06 a.m. EST SAN FRANCISCO –– A small pension fund has sued Oracle chief executive Larry Ellison, alleging he engaged in insider trading when he sold a large amount of company stock prior to a dismal earnings report. Oracle spokeswoman Jennifer Glass said the civil lawsuit is "entirely without merit and will be defended vigorously." The lawsuit alleges Ellison unlawfully dumped at $32 per share nearly $900 million worth of stock, a fraction of his holdings, during the fiscal third-quarter, which ended Feb. 28. The lawsuit claims Ellison took advantage of insider information that included knowledge that the software giant would not meet third-quarter expectations. The lawsuit was filed in U.S. District Court by Local 144 Nursing Home Pension Fund. Since December, the fund has purchased nearly 50,000 shares of Oracle stock from a low of $27.45 per share to a high of $32.70 per share. Oracle warned March 1 that third-quarter earnings would fall below forecasts because of a sudden slowdown in sales caused by the country's slumping economy. The suit, however, claims Oracle concealed that it would experience costly outlays to fix problems with its 11iSuite software. Preliminary results for the third quarter estimated Oracle earnings will be 10 cents a share. Analysts were expecting 12 cents a share. On Friday, Oracle shares dropped $1.13 to $16.38 on the Nasdaq Stock Market, nearly half their value when Ellison sold shares and well below a 52-week high of $46.47. I bet some of the people who are in that pension fund file their own suits against the fund trustees. They really did well, losing almost 1/2 their investment in 3 months..

To: Rande Is who wrote (48757)	3/10/2001 5:51:57 PM
From: maverick61	Read Replies (1) \| Respond to of 57584

Rande - a bit off topic but you noted: "Speaking of landmarks for threads, take a moment to stop by Jenna's Market Gems board. . . and wish them a happy 4th anniversary! " and this: Message 15473774 I don't want this to come off the wrong way - but I can't believe you condone or support what Jenna does. It is in direct conflict to your own beliefs of "We ask that everyone learn to think for themselves. There are no gurus here. Likewise, we discourage anyone from ever becoming a “Blind Sheep.” " I am sorry - perhaps in the early years, maybe the Market Gems site did help educate individual investors - but today??? Sure, an individual investor can pony up and pay up to $750 a month for Jenna's service: pristine.com If you peruse her thread - it is all about hyping her service. I have found little if anything of interest that helps educate the individual investor. Instead, I find post after post of all the winning plays she has called in their daytrading chat room (curiously, I never see a losing play posted). These plays are after the fact (which is useless information at that point)- or well after they have entered them (which could be considered frontrunning). And if you check that rate schedule - you'll find the cheapest rate that includes the chat trading room is $550. So, I began to investigate things and found many people burnt from using her services. While I can not vouch for their accuracy, some of the more interesting posts I have found on SI about this are: Message 15480805 Message 15415907 and perhaps the most enlightening: Message 2899268 which said: To:Don Green who wrote (1543) From: Jenna Sunday, Dec 7, 1997 5:08 AM View Replies (1) \| Respond to of 8813 Don.. nice post. I've quit my job and now am a full-time trader but...for trading there is only a present no future. You are only as good as what is in your bank account today, for tomorrow you may be annihilated. About the courses you mentioned: that's the only way to become really rich in this profession. It's the brokers, the 'canons' that teach you Level II for $250 and how to be a daytrader for $2,500, a SOES trader for $3,000 and Pristine...you know who.. who charges $150 a month for 5 picks, 3 of which are usually worthless, or "Ground Floor something or other.. that professes to get you into a new IPO just BEFORE it makes its 400% leap (for a $495 a year fee), the Jeff Coopers of this world who probably make more from their books than in daytrading.. or the software writers with 'proven models' for 100% profit in equity options.. I've left my own 2 discount brokers the equivalent of 'executive secretary' salaries in commissions and quotes, news, etc. etc. I've come to the conclusion that my strong point is stock picking. When the market crashed for us in October, I had a very formidable portfolio of stock options that went kaput. What does a relatively decent stock picker do in these times? ...join the Murphy's, Navelliers' and Cabot's.. Well I for one am going to charge for my picks. Of course it will be a very nominal fee, not unlike the fees you so readily pay on Stocksmart, Briefing.com, etc. This way I can give people something they want that I have, and get something for myself, for those times when the Asian flu does its dirty work and/or whatever new catastrophe might be lurking just around the corner. Yes, now I align myself on the side of the people I've often criticized for capitalizing on man's innate passion for wealth. They charge exorbitant fees because of the laws of supply and demand.. There is a demand and people will pay. So we'll see.. Maybe one day you'll see my picture on the corner of some newsletter, website. Perhaps, I'll even be a guest host on CNBC's Squawk Box. Whatever happens, I'll still trade but I'll have a taste of what it's like to be on the other side of the trading desk.. AND yet here she is - charging $750 a month for her calls with Pristine - who from their site also trys to sell you the $2500 to $3000 lessons - LOL. ANd as the one post clearly showed - her calls consist of tons and tons of stocks - so like a blind squirrel finding an acorn - some are bound to be winners. that is why I am mystified of your good wishes, etc to here - as to me - not only does it appear she is a "guru" charging exhorbinant fees to a group of unsuspecting followers, but that she also uses her SI thread to hype her winning calls (no doubt to attract more blind sheep to her paid service) while never posting any bad calls. no one is that perfect. Contrast that to yourself - who has helped educate many folks on this thread, who has stressed over and over that you don't provide picks / financial advice, who has often railed against chat rooms with a bunch of blind sheep following the leaders calls, who just announced you were creating a free site to help the individual investor, and who has been working on insighters.com as a new and improved communication medium for the individual investor which you have said will be available at a very reasonable cost (similiar to an SI , etc) - and the differences are tremendous. thats why I am so perplexed over your posts re: Jenna Again, maybe in the beginning things were different and she helped to educate the individual investor - but now - to my eyes at least - it appears Market Gems is one of the Scams you typically would want to fight against. Just my 2 cents