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To: advocatedevil who wrote (2139)9/21/2002 3:33:19 PM
From: Return to Sender  Read Replies (3) | Respond to of 13403
 
OT: AD and everyone;, I believe we are approaching a bounce here next week for the SOX. We are very close to my target of 243. Unfortunately it is doubtful that we will find the actual bottom for this Bear Market. More likely we will successfully retest the July lows for the market in general and bounce higher briefly. There are still too many unknowns for the market to deal with for us to believe we have seen the worst yet.

I do however think it is time to be looking over your list of stocks for potential long term investments again. Even if the NASDAQ does fall to 1000 after bouncing higher briefly around here we ultimately will find bottom.

I would like to open up a discussion concerning long term investments again. For instance the action in DUK energy was very interesting to me on Friday. The stock got nailed at the open when the company warned on upcoming earnings:

From Briefing.com: Sep 20 2002 - 9:07 AM In Play Duke Energy warns (DUK) 21.42: Company reduces FY02 estimate to $1.95-2.05 vs Multex consensus of $2.47; sees 2003 flat assuming modest improvement in energy market, vs consensus of $2.63. Also cuts 2002 capex to $6.2 bln from $6.8 bln and cuts 2003 capex to $3.5 bln, all of which will be internally funded. Finally, DUK defers construction of three power plants.

DUK sure closed a lot higher than it opened

finance.yahoo.com

My point is that there is many a company out there paying good dividends that could be a good buys again soon that could give high percentage returns from the bottom we should hit before the end of October.

Anyway lets talk about some potential long term diversified stock picks. Do you still like the stocks in your portfolio enough to add more on weakness? Got any other picks?

What stocks do those posting here like for long term buys and at what prices?

RtS