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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (39751)	5/21/2002 10:17:28 AM
From: Joe Stocks	Read Replies (2) of 53068

>>>If one believes like me that the economy is close to a bottom, I think that it is a good idea to buy companies like ORCL and GLW if they drift lower.<<< Dan, Here is the problem I see in your logic. None of us really know how well or poorly the economy is doing. None of us really know how well any of these corporations are really doing. You may have well picked the bottom. On the other hand, you or someone else may have thought we were at a bottom a year ago and have been averaging down since.(I'm not saying that you have). My contention is is that it is better to buy these companies as they drift higher and the trend has changed. I have lurked on this board a while and let's face it, GLW is favorite here. I don't know why. The fundies for the last year do not show any signs of getting better. Surely there are companies that are. Why buy the losers? Yep, GLW may turn around soon but it could just as easily be cut in half again soon. I do not see any signs that say it won't or will. That's the problem. We do not really know so why not let the masses give us a signal and wait for a move up. It seems we discussed GLW at 8. It's down another 25% since. If you are still in it your kidding yourself think that it can't go lower. You have even admitted that the debt is a concern. I agree. Looking around the GLW landscape all I can see as evidence that it will go higher from here is "hope". "Hope" can kill your portfolio. Just my opinion. I have no position. Just thought I would throw out a contrarian viewpoint. Joe

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