MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bobby beara who wrote (5044)	10/18/2000 12:42:20 AM
From: J.T.	Read Replies (1) of 19219

bobby, I think you are reading too much into my posts on CMTN, COVD and DSL technology... I was simply responding to Joseph on some stocks he mentioned tanking in afterhours... I followed with CMTN and COVD... My buy and hold comment is simply for one looking to get into this area of the market that has been beaten down... I always have price objectives even though I may say buy and hold. I have said I think these stocks can go 30% higher from these oversold beaten down levels... CMTN 12 1/4 and COVD 5 3/4... Are they on my buy list? No. Can you make money on them from these depressed levels? Absolutely.. But you must be disciplined to sell when they bounce and I believe these stocks will bounce.. QCOM, CSCO and HIFN are all at or above prices I paid for them in this decimated market.. I am looking to load up and ride thoroughbreds and these discounts are too much to pass up... I will look to add others going forward... Best Regards, J.T.

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