Al and Dwight: I think we all agree that CSCC is a good buy right now; When I said that Teens would be the low, that was if it continued to tank. I don't personally think it will get there. Then again, look at he posts two weeks ago and what they thought! The main reason I broached that subject of lower prices is to understand the risk or be ready to increase a position "IF" it happens.
Also, In reference to the technicals, I mention the big caps of MSFT, INTC, etc. b/c they have had very substantial runs in the stock over the last 6 months. Portfolio managers are very fickle; while some will consider these "perma-holds", others will sell looking for faster money.
Remember the adage, "All boats are lifted in a rising tide". The opposite is also true; most stocks will drop if the tide sinks, especially these leaders. Those Stocks are great stocks, but they too can be prone to big hits; and their performance will have an impact on the others.
Dwight, I think all the names you mentioned are good; I think USRX and CSCC as well as a host of others will be well above your cost basis in time. I hope I can pick up some CSCC this week around 25. Good luck on your purchase, I hope we get filled; at this point we are all bottom fishing. The one thing I like about several of these is that they are premier players in very sound, growing industries. For example, USRX in 1990 said that their goal was to do $500 mill in sales by 1995.( at the time they were doing $80 mill ) They ended up doing $800 mill in 1995. Now, in 1995 annual report they say their goal is "5 in 2000" ( meaning $5 bill in sales in year 2000). I think they will do it whether through acquisition or internal growth. That is a long way from existing sales but they're already well on their way.
Bottom line is, Top Management teams know how to perform and Increase shareholder value; I believe this washing out that is going on , we will all look back on as similiar to last July when the tech sector got killed and created the best buying oppurtunitly of the year.
See Ya, TK |
