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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Iris Shih who wrote (1908)10/18/1997 11:47:00 AM
From: Zeev Hed   of 37387
 
Iris: We have a WFR thread on SI, I have posted there quite often (and warned of the gap closing, and the following decline). In shoert, I think the risk left in WFR is to about 17, but if you are looking at it as part of a long term portofolio, you may find current prices quite attractive in the long term. It is rare that you can buy this kind of a stock near or at book value.

By the way, yesterday I used th decline to reestablish a position in SPCT (at 44), I think it could easily go above 52, and if it does there could be a ride into the mid 60". It would probably be better to look at it later next week once the DBC and then the retest of the bottom are through. If the long bond exceeds 6.5%, however, we may see a comntinuation of the high tech massacre, and the DOW could go as low as 7600 (just MHO).

Zeev
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