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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: SouthFloridaGuy who wrote (2699)3/30/2001 11:34:12 AM
From: Logain Ablar  Read Replies (1) of 74559
 
NYCB:

I agree on your comment about bottoms but at some point the companies fundamentals become compelling. I don't mean a yhoo just because its down from 250 and now @ 15 (I don't think I'd want it @ $5).

As an example I recently took a position in CORV. Not because its down from 100 range and under $7 but due to it having over $3.5 in cash (and debt is just current payables) and leading technology product. Now the fundamental risk of buying now is if they can't sell the product to carriers who are strapped for cash or the carriers with cash lower the speed of thier network buildouts. Then the balance sheet deteriorates and the stock goes lower.

Another example is IMNX. Now down to $13 (no position, I'm now waiting for 9 area). If you looked @ a chart you'd say support is around 6 but times have changed since then. They now have a blockbuster drug product where they are capicity constrained plus around $5 in cash, Maybe I'm still being foolish but I feel it will triple in 3 years from the 9 level.

Granted if we go into a depression type scenario I am being foolish. I followed you from the emc thread. I agree with your TA support on EMC but don't know the fundamentals. Just posted my comments for a friend

Good luck
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