Re: "BUY when there is blood in the streets".
Don,
Your comment is Dead On. You can get some great companies at $0.50 on the dollar right now. I read about how bad the Japan was going to be in January this year, and decided it would be a extremely scary year, and made the decision to just put money in to stocks with the potential for a short term double then OUT. This worked out pretty
damn well. CORR, RNWK, WCII, ORB, including, FNTN (which I sold 12K shares at $1.90, and bought back all of them)
I've spent half my profits already during this week buying QWST, LU, CSCO, LSI.
I've had some losers all but one were penny stocks which I bought long term, all down at least 50%.
This is the rainy day we were suppose to be saving for!!
The storms may not be over, and if they don't the story just gets better.
If one had bought 10,000 shares of CSCO in 1990, earlier this year you
would have $1 Mil. The World Network will be rebuilt over the next 10 years, and I'm buying into it.
If anyone's QWEST is to make money in the future, ahhh I've said enough already.
Don, Thanks for all your well thought out and sane posts.
Have to head out to the Cape, launching a Delta II rocket tonight.
John Glenn takes his ride on the Shuttle on the 29th, and the whole Space Coast is getting crazier by the hour.
Best of luck to all,
JW@KSC |
