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Pastimes : Home on the range where the buffalo roam
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To: Lizzie Tudor who wrote (8173)7/14/2002 12:16:46 AM
From: pbull  Read Replies (1) of 13815
 
Barton Biggs in Barron's, a long-time bear who has actually been pretty good after the break in the market:
Q: What should they be selling and buying now?
A: Technology, media and telecom are all going to do
pretty well, particularly names like AOL Time Warner,
Nokia, EMC and Cisco. The same with some other busted
stocks, like Tyco International, and groups like
pharmaceuticals around the world. Abbott Laboratories,
Merck and Pfizer are the good ones, and Schering-Plough and Bristol-Myers Squibb are the troubled ones. But the drugs are starting to look like value. I still like natural gas -- Burlington Resources and Phillips Petroleum. The financials will rally, but should be underweighted in the future. There are still more bodies to come up from the depths. All the losses haven't been recognized yet.

PB
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