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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (10777)8/13/1999 5:03:00 PM
From: American Spirit  Read Replies (1) of 57584
 
COMS and T - your profits depend on where you buy them.
I average $22 on COMS and $50 on T. Hope you're wrong about T going lower. I don't see it. At 20 PE with At-Home already being deployed I see it as a much better buy than say AOL. And if you like broadband, isn't T the pipe?

As for COMS the Cisco snafu has kept it cheap but there is plenty of other bullish news that hasn't been factored in. I expect more buy-out talk to surface at any time and that should send it sky-high. COMS is seen as a dog, but is extremely undervalued even as a weak competitor to CISCO. And it is by far a more reliable buy that CS IMHO and did well today up 1 3/16. Not bad for a dog with a few fleas.

Anyway, what a great day. Cleared $7,000 with every one of my sticks in the green. Long time since that's happened. I think we can expect more upward movements and buying on dips. The volume is still low due to many on vacation and scared off the past few weeks. This ought to give them courage and cause a frenzy to get in while many stocks are still cheap compared to where they were a month ago. Why my confidence? I'm betting the Fed does little or nothing. Not only low inflation numbers today but the Fed is worried about raising rates before Y2K fears peak, which may damage the market enough as it is. Have a good weekend everyone.
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