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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Baton who wrote (14031)	10/27/1999 1:36:00 PM
From: ALTERN8	Respond to of 57584

When you buy something on its way down, it's very hard to predict the right support point. Depending on the market until Y2K, stocks could disappoint many people by doing the opposite of what everyone assumes on any single day.

To: Baton who wrote (14031)	10/27/1999 8:37:00 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 57584

Baton: No disrespect, but I've got to disagree with you on HWP and would NOT be an aggressive buyer, even though it is nearly 40% off its YTD high. It is a fundamentally flawed stock and has been losing market share over the last few years. The 10% sell-off today occurred because they advised analysts that they would not meet 4th Q estimates. This is a turnaround story that will take the better part of the next 12 months to evolve, much like Motorola several years ago. In the meantime, it is dead money. I would take a "show me" attitude and wait until it has at least one quarter of results demonstrating that are righting the ship. If it does recover, there will be plenty of time to jump aboard. Remember, the stock price never goes up and rapidly as it goes down.