It looks to me like many of the box makers (CPQ, MUEI, DELL, etc.) might be ready to exit the doldrums. The contrarian in me says that they have been kicked so hard, and in general so out of favor, it is probably a great time to enter a position at this point in time.
I DID, we'll see!
OFF-TOPIC
I think the airlines MAY be ready to reverse their course. People are so fearful of Y2k, they have delayed travel, and the airlines have reduced their schedules to the minimum. However, as soon as we get past the first of the year, there is going to be I feel a pent-up travel spree, as many many people spend all that FAT PROFIT they have made in the stock market this year.
American Airlines just attempted to raise their fares 3%, if the other follow suit, this will hold and improve the bottom line. I like AMTR and LUV as two beaten-down stocks, LUV as a "safer" bet if there is such a thing, and AMTR as a more "risky" play.
Best of investing to all, long MUEI, unless I make 50% in the short-term, then it may just be hasta la vista, stay tuned :o)
Regards, JB
P.S. I love hearing bucketheads chop a company like MUEI at times like this, it signals that the "masses" have taken to the mantra of public sentiment, one of the clearest contrarian indicators that signal the exact opposite, it is time to BUY the stock. People who pay top dollar for common companies are wasting their time & money in the stock market. If you insist on paying a premium, then I highly recommend these 5 stocks for the long-haul (3-5 years). Buy them, hold them, make a killing:
1. GMST
2. NTAP
3. QCOM
4. CSCO
5. JDSU
Thats all folks, have a very happy Thanksgiving, I've done my part now & gave.
P.S.S. Much credit to Winston Chen for the above list ... he da man!!! |
