Bill Wexler's Profits of DOOM Message Board

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

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To: Bill Wexler who wrote (4560)	3/1/1999 9:49:00 PM
From: Bill Wexler	of 4634

Some past posts about another "poorly managed" retailer "on the verge of bankruptcy"... Best Buy (BBY) Message 512535 Message 515942 Message 570148 Message 739573 Message 783616 Message 784176 Message 931143 It is foolish and impatient to get scared out of a cyclical retailer like CPU when the stock is beaten down. The correct strategy is to buy more and dollar-cost-average. What's even more amazing is that the company is well on its way to turning around again, has beaten analysts (lowered) estimates for the last two quarters, is generating lots of cash, yet the stock remains at fire-sale prices. Selling now is tanamount to practicing "momentum investing" (i.e if the "trend" is up/down that means the stock must be going up/down more) which is simply another form of gambling, and the main reason why the majority of SI posters lose money in the market. CPU will eventually trade significantly higher.

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