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

To: Paullie who wrote (33475)	8/31/2000 4:31:09 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

I'm taking some profits by selling 1/3 my value dogs and placing the cash into safer (my guess) undervalued telco stocks, plus bought some DCX. It's been a long while since the telcos have done anything and haven't bounced more than 5% off their lows. Which do you guys like best? LU, VZ, T, FON or WCOM? Or something else? VZ has the lowest PE relative to potential I think. They're all down about 50% from their highs. DCX low seems to be 51 and I'm just looking for 10-15% there. If I had to own one stock I guess it would be VZ. Whoever thinks the PE should be at 11 is really missing the big picture. FON and WCOM were supposed to be worth more without the merger but instead they tanked. I think they're buys. VZ successfully merged then tanked. The strike hurt but it's over now. T like VZ and LU had slower earnings and had to warn. Then went up a little. Proof that's the bottom when they go up after they warn. LU's spinoffs should unlock value but instead the stock goes down today. 41 area should be the bottom. COMS spinoff took two days of selling to reverse and ramp back up. My guess is that if the high-fliers sell off (modest profit-taking) then those which have been maligned will either stay where they are or start moving. All bad news more than priced in. Telcos are blue chip techs getting no respect lately. The NOVL and UIS's of the world should stabilize around 12-15 for awhile unless IBM makes a run at 150 then they might challenge 20. Wild card's a takeover. I'll wait another month or so before looking at cheap internet plays. They usually start running in November pre- Xmas. Opinions anyone?