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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: TRIIBoy who wrote (3393)10/5/1998 6:28:00 PM
From: Bill Wexler  Read Replies (1) of 4634
 
<<I'm confused exactly why you are all of a sudden bullish and buying all of these stocks.>>

1) Because a lot of great businesses are now selling at extremely attractive prices. I was very,very pleased that I could buy BT at 54 3/4, AMAT at 22 5/8, and COST at 41 7/8 today (I bought 8 different issues in all). Can they go lower? Yes. Fortunately, since I'm not a margin gambler, I have a lot of patience and a lot of firepower.

2) I'm also convinced that the U.S. economic outlook is anywhere near as grim as many would believe.
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