<<Lot's of upside left if the market does'nt tankola.
>>
Look at the bright side....the more the market tanks, the more upside potential there will be....there is no doubt the market waaaaay overextended itself to the upside....it will more then likely do the same to the downside...overdue it.....and lets face it, there are still alot of world problems, threats of terrorism, fears of who will be next to announce they messed with their numbers, poor earnings still in many sectors and still poor visibilty.......additionally, although I think there are alot of bargains out there....and there will be more in the months to come.....there are also some very overvalued companies floating around....so lots of bargains abound and lots of companies that still need a 65% haircut.......I dont know where a bottom will be, or whenm but I personally am buying my favorites on the dips, and will continue to do so the more the market drops......heck, I first bought sunw at $24 thinking it was a great buy after such an extreme haircut......well, now I own a BOATLOAD more, and can get out even at about $5.70...I am not touting sunw...in fact, I wouldnt buy it at anything above $4 currently, but by averaging down as the market has fallen, has left me with larger lots of each stock, and much, much lower cost basis'......anyway, good luck to all.....hopefully the bull comes back, but i'll believe it when I see it...until then, I will just keep stocking up on my favorites when we have red tag sale days in the market......anybody know why nxtl had such a nice % pop on much higher volume....all, I've heard are "rumors prior to reporting".....Too much volume and too much of a pop for it to be because people want to buy prior to earnings.....why would anyone want to buy a telcom stock prior to earnings these days......something must have leaked, or something is up, that we dont yet know about.....in any event...I think nxtl is pretty richly valued, but also think it warrants a nice valuation....everyday, with my own eyes, I see droves and droves of people switching from whoever, to nextel..... |
