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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (46301)1/28/2001 11:44:52 PM
From: American Spirit   of 57584
 
In this market the profits belong to the daring who buy before the jumps and even on the bad news. Sometimes it pays to get out with a profit sometimes better to just hold longer term. Either way you can make money in this market on the long side and I believe we are trending gradually higher. Higher lows and higher highs so long as the Fed keeps cutting and we get closer to 2nd half recovery time and meeting lowered estimates. Also I think most if not all of the bad news has been previously priced in so the dips create an oversold condition quite quickly.

Stay with companies which have modest PE's relative to their value, plenty of cash or hard assets and buy on the dips. Telcos are the latest example of that. Starting about four days ago this is their time to get brought down. Why? Because some Euro telcos have inflated PE's and large debt. So buy on the "bad" news or when you think it's the bottom then hang on for the rebounds. Right now I like VZ, LU, CMTN, AAPL and a bunch of others esp. on dips. Like to have most in blue chips then some in the cheap dogs. SCNT still my favorite holding in that category.
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