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Non-Tech : The Critical Investing Workshop
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To: im a survivor who wrote (25347)7/14/2000 7:27:15 PM
From: Percival 917  Read Replies (2) of 35685
 
Hi Keith,

First thing I would recommend is get CNN-FN if you don't have it and watch it and forgetCNBC. At least they don't have a bunch of Prima Donna know it alls.

As far as opinions you are asking if any of us can time the market any better than you. The answer is a resounding NO!! The best story I can give you is about 9 months ago I started to buy a position in Commerce One (CMRC). Well the day I went to buy it is had already jumped 10 points. Well I knew if I jumped in it would go down so I waited. The next day it was up again and this continued over the next 10 days or so. The stock itself went from 50 to about 115. I kept waiting for it to correct and it finally came back a bit. I started to jump and it took off again and I then felt it was too expensive at 150. Convinced that it would correct again it proceeded then to blow through to over $450 a share.

Bottom line is you can wait too long for an entry point that NEVER comes. It all goes back to fundamentals and if the company is strong you will be fine at whatever level you take the plunge. And especially take the plunge when the market gives a gift like JDSU's pullback last week. Also as much as we are all moaning about Q's travails, I am still willing to bet that in a couple of years there are going to be a lot of people sick that they didn't buy QCOM at these prices.

As always JMHO,
Later,
Joel
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