<<But these are all stocks currently suffering from sector-
wide or company-specific problems>>
Rob, dont forget historically, these kind of stocks present
very attractive long term potential, ie, fundamentally sound
companies facing ST tough business environment. Yes, it
may take time for them to recovery, but once they do,
the upside is huge.
Anyone still remember PSFT here? The dog of 1999 is simply
one of the best stocks in 2000, up 100% YTD, and 250%
from 15 where it sat there for most of 1999, with no
help from the broader market at all. Another example is
COMS, the dog of 1999 and 1998 has gone up 200% from that
tedious 20-30 level.
YHOO, MSFT, INTC are all far superior fundamentally than
any of the two mentioned above, it's just a matter of time.
I was thrilled that YHOO was traded at 45 and MSFT below
50 the other day. Does anyone here really believe both
comapnies could go significantly lower than those number?
On the other hand, the upside in a 2 years time frame
could be 100-200%. To me, those levels are just too
good to pass by (same thing could be said to AOL below
40).
Danny |
