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Gold/Mining/Energy : Waste Management Inc. (NYSE: WMI)
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To: ruey220 who wrote (54)11/2/1999 2:50:00 PM
From: Bryan  Read Replies (2) of 97
 
Cheers,
I agree that WMI is a good company.
Unfortunately, their poor accounting and management since the merger has put a real damper on the stock. But that's not all.....Many large-cap, cyclical, and brick and mortar companies are falling behind the curve in part, due to the euphoria in the technology sector and investor's earnings anticipations for the techs. It amazes me to see unprofitable companies' stock prices soar on anticipation. However, as the economy turns (and it will), the smart money will flow into the companies [like WMI] where the revenues will remain constant in a lackluster economy. Like I mentioned before.....WMI= hold for 4Q's.

I do daytrade, but not frequently. I do take short-term positions and I do play options from time to time. I just don't post everything I do on SI.
Thanks for your input.

B
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