Johnathan,
I have followed PAIR up and down, been in and out of it and am now on the side lines. I have converted to the few holdings I told you about and cash, now I am going to wait it out. I think the same way you do, we will see the market slide, even with the DOW up 150 so far today, I believe it will fall back and provide us with greater buying opportunities in the near future. Y2K has not been mentioned much, but I think it will have a major impact on the price of many of the stocks we follow and we will have a good window to buy from.
Pharmaceutical's have been beaten up, much like the Oil's were when I started to buy them, and I now have a nice position in that sector. AMGN, BGEN and BMY are amoung the ones I like, with GLX and PFE, SGP and WLA high on the list. I have a feeling this sector will rebound, and provide a nice return for the dollar.
Tech's will provide us with another shot to make money, and PAIR, WSTL, CPQ, DELL and many more will be there when I feel recovery is in order. I really like CPQ at this level and think they are a buy right now. COX is still high on the list as well. JDSU is priced over 90 at this time, but can still be a good one on a dip. ASTN is just hanging in the 9-10 range and should break out if the company gets the PHLX to announce it's system will start in August or September. GOMEZ is just a bonus for this one. Have a great week end, and I will be in touch.
Charlie |
