i was thinking about going long.
when i shorted dell, it had a very high pe. (later i shorted qqq because its pe was way more than dell's- i am almost break even on that short- btw-even i am way up on my longs; in fact i often lose money on big declines-as my longs were way larger than my shorts)
but its earnings have gone up a lot. its pe is reasonable in this market
it would be nice to make the money kemble made
problem is- dell may do well-and 20% / year is great- but i don't think it will be the next dell. of course, i don't know what will be the next dell,ge, xerox, ibm, msft, intc, yhoo, amzn. it would have been great to have 20-20 hindsight and buy them very early
i want a wrongly beaten down stock. could be dell.
could be athm, bol, bp, ca, coms, entu, fmo, g, iaf, iff, iom, kf, nbci, pd, pg, t, txn, ty, wy, xrx
some may not have much growth
fmo seems very cheap
i sometimes buy a lhsp or corl or nbci when they go low enough- (of course dell doesn't have their problems)
dell is reaching that point-not of having their problems, but being low enough to buy-of course, it might go up before i buy it and i might miss it. btw-in covering my dell short- i bought a whole lot of dell
some on the thread hate gtw, cpq- but at a low enough price even they can be bought |
