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

To: BANCHEE who wrote (7641)	5/26/1999 7:04:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

I'd say there will be low volume Friday. . .and perhaps a sell-off, which will begin late Thursday. . .then again it could be a big short-covering rally, since most exited earlier this week in fear. . . probably it will be a combination of both. . .small issues cover, Inets sell off. . .high techs sell off and other beaten downs cover. . .but with that low volume comes some high volatility in certain hot issues. . . so Friday could see a super momo, as MMs pay more attention to personal matters and less attention to biz. . . .Remember the day after Thanksgiving? It was like locking a thousand kids into a Toys R Us. . . .every issue we WANTED to bid up. . .we did. . .and by the time we got the momentum built up. . .it was too late for MMs to fight us. . . hence BAMM, KTEL and about every stock with a small float was sent to the moon. I think you are right that Tues is day to watch. . . because it will set the tone for the month of June. . . . I'll have such a cash position by then that I will be rooting for the shorts by next Tuesday. Which reminds me. . . I'll be taking a jet Friday morning. . .but should be online briefly on Friday afternoon. . .and on weekend. . . .will be returning Monday evening, so Tuesday should be back to normal. Take care, Rande Is