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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (9583)	3/3/1999 8:55:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Watch List: Well, his fund better have done pretty good. The average return since 10/8 for the 75 funds I follow was 42%, with the top 20 over 60% - not trading, just buy and hold results. SYMBOL CLOSE CHANGE CHANGE % SMMT 3.938 0.25 6.78% FEET 11.5 0.687 6.35% HAL 30.438 1.75 6.10% QNTM 19.5 1.062 5.76% NEM 18.063 0.563 3.22% IDTC 12.438 0.188 1.53% CMGI 142.688 1.688 1.20% CAIB 37 0.00% TOY 15.625 -0.125 -0.79% UAL 64.813 -0.562 -0.86% ROH 30.875 -0.313 -1.00% PIR 8.75 -0.125 -1.41% WIND 24.438 -0.437 -1.76% AMD 18.125 -0.375 -2.03% CAIB and SMMT have been on this list for a week, and FEET and HAL severl days now. Anyone bought them? I didn't - wish I had... lastshadow

To: AlienTech who wrote (9583)	3/3/1999 11:59:00 PM
From: Copeland	Read Replies (1) \| Respond to of 43080

Probably up 5% or so for the year. I wouldn't be surprised if he was shorting the techs through December. A lot of fundamental traders I know were doing so and ended up getting creamed. They were betting on the market realizing that the Christmas computer sales were an aberration and that box sales would in fact head down based upon the action in the distributors last quarter. Sadly, the market has finally woken up to reality, but its way too late for my fundy friends. I love watching these analysts on CNBC come on and scream that Dell and Intel are oversold et al. To be honest, for example, I don't see much of a difference fundamentally between Dell at 65 a few months ago and Dell at 110. Fund managers irrationally ran up the price 50% in a matter of weeks and, deservedly so, Dell has fallen as fast. 3Com, however, is another matter. The most important point brought up in that article, IMHO, is the current attempt by the market to rotate out of the techs into financials, gaming issues, perishables, and the like. It just won't work. Merril and Harrah's casinos just aren't as sexy to the average investor as Dell and Rambus are. People like gadgets and computers, not brokerage firms or billion-dollar grandiose Las Vegas resorts.