Pat,
I found this news release this morning,
Good morning
The Bull Market Report is a DAILY newsletter delivered by e-mail that covers stocks that create wealth. Many are hi-tech and Internet stocks and many are solid blue chips. Their picks have continuously outperformed the S&P 500 and the Goldman Sachs Tech Index, generating a powerful pattern of success. They are located at bull-market.com.
An excerpt of COMMENTARY from Wednesday, a representative issue:
(Very appropriate in light of what happened on Friday.)
"142 million Web users worldwide in 1998. 502 million Web users in 2003. This is 72 million per year or 197,000 a day."
, . Now, a further answer to the question of which stocks to buy when the market turns around. Our Fab Six: Microsoft (Nasdaq:MSFT.O), Intel (Nasdaq:INTC.O), Cisco Nasdaq:CSCO.O), , Dell (Nasdaq:DELL.O), ,. Lucent
(NYSE:LU.N) and MCI Worldcom (Nasdaq:WCOM.O). These stocks are the ones you want to own. Look at Cisco at $59, 18% off its highs, a company that does 80% of its business on the web, leading in virtually every category of business that they in. Look at Dell at $40, soon to be THE leader in PC's in the US and the world, 27% off their high. Look at Microsoft at $82, the largest market cap in the world, a monopoly in operating systems, with 90%+ penetration of the 100 million PC's being shipped each year, and $20 billion in cash in the bank! Same story for Intel, MCI Worldcom and Lucent. These are the leaders of the Internet revolution that is in its INFANCY. Buy these firms when you have a chance. If you are still too nervous about committing cash to this market, put a buy stop in place with your broker or put a mental stop in place to buy shares IF the stock goes up. Then you won't miss them when they go back to set new all time highs later in the year as the Dow heads to 12,000.
Dorine |
