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

To: Bucky Katt who wrote (2205)	1/21/1999 2:41:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Agreed. Misunderstanding. . . I did not mean to say we control the market. Just that we choose the stocks. I.I.I. picked AMZN. NOT Wall Street. Analysts say "buy GM" and we say "screw GM, buy EBAY" . . .and guess which one goes UP? That is what I am talking about. I realize that we will never be "in control" of the trading floor any more than we are in control of our money in the U.S. It will never happen. But if there are ways that we can parlay the power we as a group have, I am open to suggestions. Rande Is

To: Bucky Katt who wrote (2205)	1/23/1999 12:57:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Out on a limb. . .so what else is new? Considering that most shorts took positions Wednesday afternoon AND that the Dow closed down 140+ points on Friday and Thursday was such a dreadful day. . . I'd say that some shorts covered Friday, but that many [if not most] intend to cover first thing Monday morning...to keep from having to fund their accounts [3 day rule]. I would expect a major head fake to the down side followed quickly by a furious rally as these same shorts buy to cover, then take long positions. Add to that the daytraders jumping in to ride the wave and the fund managers grabbing up rapidly fleeting bargains and we could see Nasdaq +70 within the first hour of trading. The market wants a rally. There are more individual internet investors [III] now than ever before. My guess is that tips the scales more heavily in favor of the bulls. And reports are showing this. Also, IIIs recognized this week as a bear trap earlier than in the past. I don't see this going on for 6 months like in May-October. Nor do I see it for weeks, like this in Nov/Dec. I see a rapid recovery beginning immediately, followed by a long needed consolidation period. Risky Inets will be traded for good ones and after the full market bounce, I see a relatively boring flat week. We need boring right now. A good two weeks of flat trading will serve us all well in the long run. Rande Is . . .climbing down the tree