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Biotech / Medical : McKesson HBOC (MCK)
MCK 840.46-0.4%Jan 16 9:30 AM EST

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To: Fouad Nahas who wrote (72)5/1/1999 4:27:00 AM
From: zebraspot  Read Replies (2) of 165
 
Many of the handwringers here were fearless at $96, yet scared now at $32?
C'mon - you got it backwards!

Speculating about the tone of the CEO's voice in a conference call, or worrying about shoes yet to drop, is what you're supposed to do when the stock is flying high.
Here --at one-third of the old high price, and with all the bad already overly-discounted-- you just ignore the short term noise, the doom and gloom, and just buy!
Getting the old 'buy low, sell high' in the correct order is still the key, and still the hardest thing to bring oneself to do. That's why you get paid the big bucks to do it!
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