>>Hi Joe and Wayne: Any chance of being able to buy at 26 range between now and earnings time??? I want to pick up some cheap...<<
I'd like to get some at that price also<g>. IMO, if we go
down, it might be in Nov., but only if the market tanks.
COMS is getting stronger and more recognition, so fundamentals
won't bring it down, IMO.
But, there is a chance that E.Asia crisis will hit us again.
Lately, it seems like the world financial news is better, but
we're not out of the woods with world problems, so I'm constantly
trying to keep current on world affairs.
If I see any chance that we're going down again to mid 20's,
I'll sell and rebuy later.
IMO, it looks like world affairs are improving
for once. Here's some of my reasons why I think so:
1) Japan looks like they will send something significant
through parliament and liquify their banks.
2) US dollar is lower now. Allows other Asian countries
a better chance of getting their economies stimulated. Plus,
it helps our international companies.
3) Strong support for Brazil from G-span and Rubin.
4) Probably more rate-cuts coming up.
Cons:
1) Japan stock market is very low. If it gets lower and
they drag their feet with new legislation, they could be seeing
some serious bankruptcies.
2) Maybe G-span and Ruben aren't strong enough to keep
Brazil out of trouble.
3) After hedge funds finish dumping all their long bonds,
the US $ could get stronger again.
Ask Wayne for a technician's answer, might be simpler<g>. |
