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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5029)8/4/2001 10:42:32 PM
From: Michail Shadkin  Read Replies (1) | Respond to of 6873
 
Mishedlo - Re: BZH

On friday I decided to wait for a further pullback of BZH before buying. (probably 62-64 range)

One thing to keep in mind, BZH PE is only 9.
It has been one of the hottest investing sectors all year.
I just dont see that ending immediately.

One thing to keep in mind, the economy is not in a recession, but rather the technology sector is.
Just look at the DOW, basically unchanged the last 18 months.

Anyway, if I do long BZH, it is strictly a short term hedge value long (against numerous shorts) that will allow me to sleep at night.

Best Wishes
MIchail



To: mishedlo who wrote (5029)8/4/2001 10:52:44 PM
From: Nick JMH  Read Replies (1) | Respond to of 6873
 
Hi Misheldo. Here is another perspective. I also live in Chicago but in the opposite direction of you (about 2 blocks from the Cubs ballpark) along Chicago's Lake Michigan in the heart of Lakeview. Townhomes and condos that have gone on the market usually sell within a few days. Rents in this area are unbelievable. I noticed a "For Rent" sign across the street from my townhome that is asking 3400.00 for a 3br/2 ba apartment and another for 2900.00 for 2br/2 ba. This morning the 3400.00 apartment was rented.

My neighbor and her husband decided to move to the suburbs and listed their home last month. They had 3 offers and right now are working with the relator to settle a bidding war btwn two of the buyers. They are the 2nd owners of the home and I know for a fact that they will walk away with about a 35% profit. Not bad for the year they occupied the place!

We are not that far from one another, however we sound like we are in different states!! Location is (and always will be) a major factor. Nick