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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (22393)4/7/2000 7:13:00 PM
From: Rick  Read Replies (3) | Respond to of 54805
 
Uncle Frank:
For what it's worth I agree totally. On this subject the NY Post has an interesting article today.

nypost.com

"Billionaire Saudi investor Prince Alwaleed Bin Talal has snapped up $1 billion in bargains from the week's stock rout -- after waiting two years for the right moment."

He bought AOL ($400M), Compaq ($400m), Eastman Kodak ($100m), and Xerox ($100M).

You mean to tell me that it's better to wait 2 years in a raging bull market for a 15% correction, than to buy in April 1998?

- Fred