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To: Larry S. who wrote (27460)12/23/2000 9:48:27 AM
From: Kelvin Taylor  Respond to of 53068
 
ATHM:

Been watching it sink faster than Titanic. No position. Wanted to see a "bottom" and then somebody else make the first move to buy the stock. Considering the high was 49 would certainly appear very cheap...BUT

$40 next year? How so? With T managers being so pis poor seem way, way too optimistic. Remember the losses are increasing. Market like companies with wider red ink?

I do think however that with the heavy volume on Friday that the stock may very well have put in a bottom. And is worth some investment for appreciation perhaps to double digits. But T will have to do something a lot better than in the past to get this one to were near a $30 price tag. Just take a look at T's price to get an idea.

Just my two cents worth.



To: Larry S. who wrote (27460)12/23/2000 10:05:49 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Larry and starbreak
I'm glad to see that you two are even sicker than me; up at 5-6 am on a holiday Sat????

all of a sudden after just a day everyone seems to have gone from gloom and doom to a "let's buy mode" again

Fridays rally was nice to see
did we reach bottom?
kind of feels like it but we have had so many 1-2 days of up then continued down that it is hard to be convinced this easily
but on the positive side:
the majority of earnings warnings sure seem to be out
the NASD came off the two year long term support
the next Fed move should be a positive one
energy prices may be moderating
people still have a desire to be long stocks
we are at year end so tax selling should be darn near over and "new" money should be flowing into 401k's etc
margin related selling should be close to an end having sadly wiped out many trader types

unless more bad news comes out I'd think the NASD should trade in a 2400-2750 range for the next week or so
2300 downside and maybe 3000 possible if if if the bull lives for a few weeks in a row

the big question for holds is do you put your money in old economy, old tech, or new tech
in the "generals" or fallen angels that have dropped 90% or more

I am as fully long as I have been in a very long time, went in 10-15% too soon
have covered my short button with six layers of duck tape
my plan/hope for the next week is to make partial sells on stuff when/if I get to my cost basis
my long term hold account is now down 3.3% YTD so my major goal for next Friday is to be up .1% for the year
I am diversified in about 30 stocks with only three large concentrations
most of them I would still buy at these levels give or take 5% on the Friday close price
so, given the fact that I blew the last few weeks by not being short and not following Nemers advice about not trying to pick bottoms I'm feeling ok this long weekend and can enjoy the family without obsessing about the market (half true ggg)

again I want to wish all of you the best during this holiday time and that Santa brings everyone a gift as wonderful as the one He gave our family with Dad last week