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Strategies & Market Trends : Rande Is . . . HOME

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To: prophet_often who wrote (45491)	1/13/2001 12:07:39 AM
From: American Spirit	Read Replies (1) of 57584

Let's all not forget the risk involved. These rat dogs which have just doubled might be a little toppy. Reason being if you look at their balance sheets sure some of them have lots of cash or teensy market caps but some of them also have no clue how to make money and lost huge amounts last year. So they have to fire everyone and shut down which leaves them with cash, debts and little revenues. Some will get taken over or merge or survive. Others will go out of business. At least pick the survivors which actually have sizeable deals, customers and clients who pay cash. Also it's hard to know the inside scoop. They don't publicize bad news until they have to. for instance I know the owners of KLOC which was a hotty last year trading up to 25 or so. Now it's at 1/4. Now that may seem cheap but they have bank debts and not enough cash to pay them. So the company might actually have a negative value even if liquidated. So watch out. Maybe better to look to get INTC at the bottom or something like that. Whatever fine stock is getting the negativity shaft and attracting shorters, then let it play down a few days. No need to move until you feel the bottom, like I did with ERICY, CMGI the other day. Or buy an AAPL with 4 bill in cash and a 5 bill market cap. Eventually you know you're going to make a profit there. Just my two cents. I may buy a few rat dogs but only on dips or if I'm pretty damn sure they're survivors. Never be the last guy in following the lemmings. Better to be the first one to buy a good stock after it's just been unfairly slammed. YHOO is another I'd like to get, though cheaper than it's selling now. Ditto MSFT and AOL. The safest stock on my board is VZ. At 13 PE the #1 wireless company in the the US is a bargain. I pay those guys 3 bills a month.

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