Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Softechie who wrote (34299)	9/9/2000 7:37:14 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Softechi, if you have 10,000 VZ bought down here not onoly wioll you make $60 a share but I'd advise you hold for $70 or more even if it takes a year. Very safe investment IMHO about as as safe as they get. Unlike many I have never understood the concept of "breaking a support level". Sure if you dip under a hard $40 on LU say you might go to 38-39 but then the value is so compelling buyers will swarm in buy at firesale prices. T, FON, WCOM have all held the 29-30 so far. VZ held 40 nicely. These are all stellar long-term buys and the big boys with the conservative clients know it. It's their job to buy at these levels. I'm talking retirement money etc. Also once they start moving up traders can get nice reasonable pops on position trades. I'm talking 15-30% type fairly short-term moves. As for warnings fears, VZ, T and LU have already warned. WCOM and FON have just fallen precipitously so any warning should be well priced into the stocks. Downside minimal. Of course they may dip another point or so but that's about it IMHO. And I believe VZ will keep rising. Like I've said before GTE and BEL were both strong safe stocks with PE's in the mid 20's. Then they merge and get cut in half. Just didn't make sense. Still hasn't recovered since the end of the strike.