These are some of Acampora comments:
>>>>>
"I differ from all other strategists on Wall Street because
I believe that we did have a bear marketbetween July
and September of 1998," says Prudential Securities
technical strategist Ralph Acampora. "That was not a
correction. It was a bear market, and it discounted
everything. Now we are in a completely new bull
market, as opposed to the final stage of a bull market. It
doesn't get worse from hereit gets better. This new
bull will last a couple of years. I'm on fire!"
Acampora looks for the Dow to reach 11,500 in 1999.
He says investors should own shares of airlines,
pharmaceuticals, the Baby Bells, and computer makers, particularly
Compaq Computer. "I would also be buying some of the ugly stocks of
1998 in 1999: Boeing, Minnesota Mining and Manufacturing, Union
Carbide. They were on their butts last year, and they have bottomed. In the
small-cap and midcap areas, I would buy Liposome, Bob Evans Farms,
Taco Cabana, and Aflac."
<<<<<<
taken from:
iionline.com;
artnum=1632&month=March1999
theRedDog
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