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Technology Stocks : Vitesse Semiconductor
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To: The Ox who wrote (1789)10/6/1998 1:09:00 AM
From: SliderOnTheBlack  Read Replies (1) of 4710
 
Bought VTSS PMCS LU & CSCO today...if not ''today'' then when ?

IMHO; add a little VTSS, PMCS, CSCO & LU to this suggestion below:

<<Expert advice to fund managers: Protect clients' savings - Buy oil stocks

Bull marketeer draws in his horns
Financial Mail, London, October 4
By IAN KING

GREG Smith, the analyst famous for identifying the start of the world stock market bull run in 1985, has given London-based fund managers his survival tips for the coming recession.

Smith, chief investment strategist at US securities giant Pru-Bache, said he believed that two or three more hedge funds were in similar difficulties to Long Term Capital Management, which was rescued with debts of £60 billion in an operation organised by the US Federal Reserve.

Smith told the 150-strong audience that to protect clients' savings they should:

Buy oil stocks. Battered by falling prices, they should be helped by the hard winter that usually follows El Nino.

Beware 'safe havens' - drug stocks are no longer good value. Buy computer stocks. Companies will continue to invest in technology despite a recession.
Be careful when investing in banking stocks.

He added: 'When all the world is mesmerised by bad news, what better time to get in and buy some individual companies?' >>

From: Message 5919409

...the key here; is ''what better time.'' I would use tight stops and would average in with a series of buys - in case we see a continued sell off; but in light of imminent additional Fed cuts and positive International financial cooperation - what better time ?
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