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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Dante Sinferno who wrote (12387)8/4/1998 5:26:00 PM
From: Roger A. Babb  Read Replies (3) of 18691
 
Robert, if this market slide continues, many investor will be taking money out of the market, much of it profits. Likely they will spend a part of this money on new luxury items. For example, sales of yachts and high end cars often boom at the end of bull markets. My play on this is a long position in Westerbeke (WTBK) who makes engines and generators for yachts. A depressed stock but with an old and respected name in the boating industry. Now in $3 to $4 range, I suggest buying under $5 with a target of $7 to $10 within 12 months. Very little downside potential.

Any other suggestions for companies that may benefit from money leaving the market?
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