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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (3067)2/25/2002 5:40:16 PM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
PLAYING IT SMART & SAFE? Three Superb Stocks for longer term accounts.

You could probably buy these and forget about them and do better than 90% of daytraders over the next 12 months.

KG --- buying anytime in here (i.e. 30-32); I'll sell if breaks below 30 but that's unlikely, imo. Down from mid-40's even though business is very good. Expected earnings in FY2002/2003 is 1.31/1.57 eps.

FLEX --- probably best bought in 2-4 months or on extreme weakness (perhaps over the next few days)? Down from 30 in Dec. and 27 in Jan 2002. Expected earnings in FY2002/2003 is .64/.87 eps.

WM --- buying anytime it reaches 30-33. Down from low 40's even though they've produced record earnings lately. Again stop loss below 30 in the unlikely event it reaches that level. Expected earnings in FY2002/2003 is 3.95/4.32eps.


All currently have very low P.E.'s on a historical basis and are very fine companies. These three for me offer nice diversification too, since I have a financial, tech, and drug delivery company. I can't think of three better companies for the long term and plan to average in little by little whenever they drop during a weak market or over-reaction.

NOTE: There are many other companies that may fit these categories, like AMAT or COST or dozens of others. What are your three favorites that are safe and sane stocks?

DO YOUR OWN RESEARCH. This is intended to provide information to get you started. Risks are always present, but so are rewards for the patient and smart.