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

To: KevinThompson who wrote (49475)	3/20/2001 4:47:53 PM
From: Kanetsu	Read Replies (1) \| Respond to of 57584

Hey, just thought of another reason BRCM should go down some more, they will be subject to rolling blackouts in Irvine. Maybe I'm reaching...

To: KevinThompson who wrote (49475)	3/20/2001 4:50:21 PM
From: maverick61	Read Replies (2) \| Respond to of 57584

"No where was it a low risk play to be a buyer today. The only buying would have been to catch it in and out, but I don't consider that low risk." Kevin - well said. Thats why on my post on playing the QQQ's after the rate cut - I noted that its not for anyone without a direct access broker. Their was extremely fast moving action, and data congestion. I felt confident in my ability to hit a bid or ask on the ISLD ecn - and instantly execute - but without direct access, I would never do this. ANd even with that, buying the QQQ's as a short term dip play was still high risk - In the 5 minutes after the Fed - I had made 3 round trips going short, going long, going short again before going flat. All were profitable (just scalps - but on a siazable number of shares) but risky and not something I recommend for most

To: KevinThompson who wrote (49475)	3/20/2001 5:31:13 PM
From: American Spirit	Read Replies (3) \| Respond to of 57584

Don't look at me, I sold this morning, didn't even think of buying. Had sell orders on every single stock I own. Caught about 25% of them. Wanted more obviously and with .75% would have gotten them. I try only to buy on "irrational" downdrafts and I wait longer for the bottom every time these days. Sometimes a day or two wrong kills your profit. At least I got out of ABDE, SCNT and LU today at daily highs and 30% above their last week lows so I can't complain too much. Re-loaded with some cash there. A few more like today and we'll be back down there in the pits again. Then I'll buy again maybe. I have my own mental targets for top tech stocks, basically when they get ridiculously oversold like LU was below 10 last friday or ADBE at 25. Helluva day and helluva over-reaction but that's typical. There would have probably been an over-reaction on the long side if .75 had been the move. All for .25. Go figure. Good move whoever shorted right before the fed call. Tommorrow looks bleak too and maybe another capitulation point coming sooner than we can imagine.