Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DlphcOracl who wrote (52472)	6/15/2001 9:24:13 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

DlphcOracl: . . . . . . Do you still see NASDAQ descent to 1750-1850 range as a buying opportunity or a prelude to something worse? DO, if we see a sharp spike in volatility, which I fully expect, I would welcome that range as a buying op. But NOT for the typical names. We should guide our buys moving forward. . . by EARNINGS, growth rate, EARNINGS growth, fundamental condition, competitive analysis, and did I mention EARNINGS? One question is: "which of the tech stocks fall into this category?" That is going to take some homework to answer. Another question is: "how hard will we bounce?" I think we will bounce nicely into the first half of July. . . but then get stuck in a summer trading range beginning the latter half. But there will be enough swing in late June and early July for swing traders to have some fun. And finally, I think we will not rise throughout the summer. . . as many believe, but rather we will settle into a trading range after our initial late June early July bounce. So starting the 16th of July and continuing through until October, I see us stuck in a trading range. . . .and probably seeing no more than 200 points of range on COMPX during this period. . . with range averaging between 2000 to 2150 throughout latter half of summer. Some stocks will not be held back. . . .and will make extraordinary gains throughout the summer. . . .despite the tight trading range. They will no doubt be in the same sector. Interactive TV? Alternative energy? Whichever. . . .we want those. But I can't imagine the market getting hit with the sort of volume needed to sustain such an important rally throughout the late summer. Historically, it just doesn't happen that way. So I expect further trouble in early October before we are cleared by the "powers that be" to move higher for good. The quote for the season is . . .'patience rewards'. Rande Is