Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (14122)	9/26/1998 11:23:00 PM
From: Bill Wexler	Read Replies (1) of 18691

<<The problem is that if we are to move into a recession>> I don't understand why individual investors would dwell on this or why this should affect your long-term investments. We could also step out in front of a bus tomorrow or win a lottery. Why worry? The last three times the world was coming to an end (1987, 1990, 1994) I was a net buyer of equities...mostly Intel and Compaq. I invite you to check out what happened to those two stocks since then. <<I have put an acquisition target for COST at any price under $40>> Good, I hope you get it. I'll be buying more right alongside you. <<Granted, this projection is based on TA>. There is NO evidence that TA can predict price movements. I don't know what will happen to Costco stock price in a week or a month...but I'd be willing to bet the farm that I'll get at least 3 or 4 farms back in the longer term. <<. It could go as low as $36 from what I'm seeing.>. It could go as high as $200 - $250 from what I'm seeing.

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