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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: jeffersonkeith who wrote (17366)	4/19/2001 5:23:46 PM
From: American Spirit	Respond to of 37746

Telcos - what are you talking about? I'm up nicely on all but FON and SBC and they'll do fine going forward. I recommend you buy some now. Started buying WCOM at 14 and VZ at 41. SBC and FON are perceived as boring but they're great values. All have been basing around this level for a long time. Once the high-flying stuff finished peaking out these defensive techs will attract more attention. Right now though everyone's looking for 15% a day which I understand. Also if you're bearish, VZ went up 25% during the tech sell-off. That's the one that kept me afloat with one third of my portfolio in it. It's still very undervalued at 12 PE. VZ and SBC will dominate for decades to come. And now VZ's huge IPO loks good. That pays for their entire wireless investment this year. Doubly good. I say buy telcos because they're historically cheap, defesnive and can also pop in a positive market like they did last year. I rode GTE from 49 to 70 before I got off then bought back VZ at 41 after it dropped on strike news. Never lost one wink of sleep the whole time either.