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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: BWAC who wrote (39417)	5/7/2002 11:04:46 AM
From: Joe Stocks	Read Replies (1) of 53068

>>>I buy when long term value is judged by me to be good and the risk reward over that time period skewed to my advantage.<<< LOL! Don't we all. BWAC, I think you are only stating the obvious. You may not call it a bottom but in the context of the debate we were speaking of "bottoms" for longer term trades. We are buying low and selling high. We don't buy low thinking will go lower. We buy because we have reached a point where we feel that we can make a profit. Back to my original point about ORCL I feel that it is not a value play here as some suggested. It certainly looks more fairly valued but the others ( the street) have a different opinion. ORCL is down another 5% today. If you have a stop loss in place you are almost out if you bought yesterday. Why not wait for a base if you (not you) think fundamentals justify a buy? Joe

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