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To: DlphcOracl who wrote (24768)4/26/2000 10:41:00 PM
From: American Spirit  Respond to of 57584
 
Re: Fallen angels. So far the lows on recent crash days have held in the ones I follow. Therefore if you believe in one of these companies and it re-tests that it the time to buy. Or if momentum returns to the smaller fallen angels.

MMG is another one I found. But some of my fallen angels are bigger companies like VOD, NOVL, ANF, UIS, LOR, URBN, COMS and MSFT. On any further dips I think these are all great buys. Maybe even right now where they are in some cases.

Question is whether to play them for small pops or just hold them longer term and hope for a return to correct valuations in the future. Might have to hold for nine months but it might be worth it. I mean why shouldn't ANF hit 20 again? Or LOR 15? Or VOD 60? Or COMS 90? Or MSFT 100? Remember a month ago when the drug stocks were maligned and ignored? All kinds of reasons given why they shouldn't perform. All of a sudden now they're the safe ones. Same rotation of perception will happen for techs. Just a matter of time.