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Technology Stocks : Boeing keeps setting new highs! When will it split?
BA 233.72-0.1%Jan 30 9:30 AM EST

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To: radman33 who wrote (1680)8/27/1998 8:58:00 AM
From: Chip Roos  Read Replies (1) of 3764
 
Jay:
I am a bit older than you (not necessarily wiser) and it has been my experience that the key to winning in investing is the longterm strategy. Almost every stock that I have bought has had its ups and downs but almost without fail, these stocks do well if you are patient.

I think Boeing is a great company with some problems right now. But they are a leader in their industry with limited competition and one must believe that their core product (planes) will continue to be in demand. And with all of the production workers employed by Boeing, I figure that's a pretty good voting block so the politicians will be somewhat friendly over time to this company.

Finally, I view companies like Boeing that are out of favor as a huge buying opportunity. I bought at 44 and again at 38. I'd buy more at these levels but don't want all of my eggs in one basket.

Anyway, do your research and buy for a long outlook approach. I bought Wal Mart at 23 about 3 years ago. I did nothing for two years and then took off - 69 yesterday. You just have to find quality companies and be patient.

Good luck to you.

Chip
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