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To: Ilaine who wrote (31198)10/25/2000 2:22:09 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
well, if you have a sky-high p/e like that, the merest hint of a slip-up in business destroys the stock. which is why it seems very imprudent to buy such stocks unless they're really beaten down (like CIEN was two years ago).

it may be worth considering T at some point. however, i'd wait a bit for the telco shake-out to conclude. it has barely begun after all.

it's probably not a problem if one picks up some beaten down high quality issues here...depends on one's time horizon mostly. i notice that the market still hasn't panicked...everybody's greeting the massacre with a big yawn. p/c ratio at 0,44.



To: Ilaine who wrote (31198)10/25/2000 2:51:50 PM
From: Terry Whitman  Read Replies (1) | Respond to of 436258
 
Solid support on LU at 18-20, FWIW. They won't be going Ch. 11 on you either.

New high on MO. The momo's always say to buy new highs. <g>
quote.yahoo.com



To: Ilaine who wrote (31198)10/25/2000 2:59:48 PM
From: Don Lloyd  Respond to of 436258
 
CB -

...My dad just called, his 5 year old son has $400K in the money market in trust, he wants to know what I think of T right now, and can I recommend any quality stocks for the long run. Ideas?

The kid has to learn to day trade sometime, just throw him in at the deep end. -g-

If you think there is a scarcity of bad management, T might be a good bet if Armstrong can only screwup one part of a breakup. I think I'd wait to invest until T shares come free in Cheerios boxes along with coins. -g-

Regards, Don



To: Ilaine who wrote (31198)10/25/2000 3:11:28 PM
From: Andy Thomas  Respond to of 436258
 
..and can I recommend any quality stocks for the long run. Ideas?

ADM?
Phillip Morris?

andy



To: Ilaine who wrote (31198)10/25/2000 3:33:23 PM
From: Gary M. Reed  Respond to of 436258
 
his 5 year old son has $400K in the money market in trust, he wants to know what I think of T right now, and can I recommend any quality stocks for the long run. Ideas?

If the son knows how to post on Yahoo stock message boards, I hear there are some tremendous opportunities in micro caps these days -g-



To: Ilaine who wrote (31198)10/25/2000 3:36:25 PM
From: lightfoot  Respond to of 436258
 
Check out the news on Eaton (ETN) today, it looks like a good position trade with a $.44 dividend and 1.15 shares of ACLS for every share of Eaton owned. Both reported earnings last week so there should be no surprise haircuts for at least 3 months. I gave this one to my dad!



To: Ilaine who wrote (31198)10/25/2000 4:30:44 PM
From: KyrosL  Read Replies (1) | Respond to of 436258
 
<his 5 year old son >

My advice: keep 50% in cash, divide the other 50% among Loral, 3Com, and Globalstar junk notes (they go for 25 cents on the dollar). You get sufficient tech exposure at bargain basement prices, relatively speaking, and keep some ammunition for exploiting any further tech crash. The kid is only 5, he should not be afraid of risk, especially if you can get it at book value or less.