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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (33789)8/30/2001 10:18:47 PM
From: American Spirit  Read Replies (1) of 37746
 
The lack of any optimism is creating amazing bargains, that is assuming the company you're investing in continues making money. Many won't be for awhile, of course. But even some which are losing money or not making as much as they used to are great values when you consider their longterm positions in the global economy. From HAL to NOK to EMC to AAPL to PALM to VZ and IBM. Each at or near probable bottoms, dominant in their niches, and each an important niche. I know many are predicting more downside here and it might happen but if you want to make more than 5% a year you've got to buy stocks while there's blood in the streets. Just get lucky with your bottom guesses. Keep some cash around too. I have that, my home paid off and my income is fairly recession resistant. Therefore I buy some of these bargains even if I have to hold 'em for a long time. On the other hand I might also trade out of them during the next big rally. The other phenomenon I think about is that if everyone's predicting a terrible October then maybe the October slide's already happened. We'll see. I know I've bought too soon a few times but in investing the past doesn't matter anymore. You can only go forward.

PS - I also like SKX as a low-risk growth stock and SCNT would be my favorite micro dog. In fact I may buy more of it tomorrow.
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