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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Bill Wexler who wrote (2919)9/24/1998 6:01:00 PM
From: Bill Wexler  Read Replies (4) of 4634
 
Reiterate a very(!) strong buy recommendation for Costco (NASDAQ:COST)

Today the stock was hammered over 3 and change. Naturally, I used it as a buying opportunity.

This morning DLJ downgraded some retailers (COST was not mentioned however). That...along with continuing fear and uncertainty in the market sent many of the retailers into the toilet.

I believe investors should take the contrarian stance and use this opportunity to load up on great growth stories like Costco and Home Depot.

I still maintain that the market in general is headed significantly higher.
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