To: IngotWeTrust who wrote (20692 ) 5/29/2000 7:58:00 AM From: im a survivor Respond to of 35685
QCOM seems WAY oversold to me in the $60's VIGN seems WAY oversold to me in the $20's CMGI seems extremely oversold in the $40's Doesnt mean we dont go lower, but I do think all 3 are good buys right now if your buy range is at least til end of year. I mean, buy qcom at $65, or cmgi at $45 or heck VIGN at $25 or $30 is a steal......lets say they go lower....qcom to $35, VIGN to $12 cmgi to $18....either buy more at a once in a lifetime get rich discount, or just sit tight. At these levels, we may go lower from here and may go a good bit lower...but shit, VIGN can only go down $25 more dollars before ZERO, cmgi only $45 til zero....you get my point I think. We may go lower, but overall, upside looks better. In fact, the lower we go, the better the upside potential looks. What I dont understand is all these people that love qcom. Dont think fundamentals have changed but do feel the psycholgy has and therefor they recently sold. Well, fundamentals didnt change, but psychology did, and those that caught this and sold at $100 - $150, I congratulate you. It does seem to work if you get out at the time psycholgy changes, but damn....if fundamentals havent changed and psychology has already whacked it from $200 down to friggin $65, then why let psychology dictate selling it now. Fundamentals are great and psychology will be back...what happens then. I will venture to say this. Take Joe and take Jack. Joe is selling QCOM at $65 and Jack is buying QCOM at $65. I'll betcha down the road Jack is kicking ass while trying to console joe for selling. Many of you will answer with " I will get back in when momentum or psychology dicate it....and that would be great if you had bailed above $100....but bailing at this level...well we all know what can happen when Q comes back in favor. I guess my whole point is if you didnt bail at $100 or above, why let fear force you to sell now when downside is far more limited and I reiterate that I think those buying Q at $65 or VIGN at $25 are gonna end up being much happier campers then those that are selling now. Great memorial day for all Keith