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

To: Rande Is who wrote (44851)	1/7/2001 3:21:26 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

Yes 200% from where they are now. Not picking which stocks will do that, and we'll need a stronger market to get there but in a case like LOR for instance, any good news like a restructing with a new deep-pockets partner could move it from 3 1/2 to 9-10 quickly. Just an example. And remember LOR was once at 35. More realistically the 50% potential gainer view should be taken. And there are SO many which could and should (and I believe will) do that much in the near future. Anyway, my point was that the damage has been done, the upside looks far greater than the downside and even if we don't go straight up I think the best play is still on the longside. Especially in a market environment where 10-20% daily upward moves are not uncommon in beaten-down stocks. However day-to-day volatility is certainly hard to predict, and indeed sometimes irrational.