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

To: Bucky Katt who wrote (1909)	1/13/1999 9:18:00 AM
From: Tom Allinder	Respond to of 57584

DIVE, DIVE, DIVE.... Diving planes full down...!!! Dive!!! I'm out. Waiting on NASDAQ to hit 2050 and loading up on Techs/i-nuts. They will get cheap, cheap, cheap.... Tom

To: Bucky Katt who wrote (1909)	1/13/1999 9:24:00 AM
From: Rande Is	Respond to of 57584

Good work as always, William. Now I will give the other side of Siskel and Ebert. . . In the harshest times of Brazil's collapse, Wall Street turned a blind eye. Yesterday's profit taking was inevitable on the too-sharp rise on I-nets. Short-sellers pounced on these stocks in large volume KNOWING of the Brazil crises, just as you did in your head's up post yesterday morning. Now if I were a shorter that hopped in at the top yesterday, then enjoyed the gap down today on I-nets. . .I would be wanting to cover right at the open, to take the profit and cut the risk. That covering could be seen as strength in I-nets to daytraders, who would be first to jump back in. . . many will just buy the open. . .and the rest of us will respond on varying degrees of delay. The big guys shake out the little guys....the good stocks run north...the little guys are sitting there empty handed and the big guys now have those excellent high fliers. BAMM under 11? Who can resist? As for Brazil, the problem is a real one. But the market acts on how it is perceived, not necessarily how it is. Media will be the driving factor in movement in the early hours. . .and as we have seen in the past, the media leans short. So risks are HIGH either way you play it. Those turning short yesterday were the winners and have been going around saying "the sky is falling" all night and morning in hopes of perpetuating their position. Europe getting hit as hard as it was....that surprised and somewhat alarmed me, tho. . . The security list you have is good. Notice the Y2K first tier perked up yesterday. No idea why. Again, sorry I was not around yesterday to help with take on things, but PC quit working AND I am away from home. . . liking the snow. Rande Is