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Strategies & Market Trends : Love shack

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To: Grandk who wrote (213)	12/19/2000 3:16:28 PM
From: D. Miller	Read Replies (2) of 322

i selected the retail stocks i did because of their low valuations. most with pe's in the high single digit to low teens. DLTR is trading/was at 35+pe. also look at the book value on urbn. this is a battered sector with small downside. again note that i have began nibbling on these positions, i could triple my holdings in all of them with my current cash position. about ag, i don't think the fed wants to lower the rate - i think they are trying to encourage the market with a sense interest rate relief hope. the strong language of "sharp decline/slowdown in the economy" was used to be a basis of a future rate decrease. a rate decrease would of boosted the market and only prepared it for harder correction greenspan is trying to ease us into this fall. looking to nibble the qcom feb 60 puts, looking for a gap fill there.

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