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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Oeconomicus who wrote (25863)8/31/1998 4:48:00 PM
From: Philipp  Respond to of 94695
 
Hi:

some nibbling in quality value plays, small/micro caps, things already extremely beaten down (that the momo guys don't own) seems in order. There are some bargains out there for long-term positions.


I agree. I have a list of stocks I made up as potential buys after a significant correction. I just checked that they are already much, much cheaper than the levels at which they looked like attractive buys on a fundamental basis. There are amazing bargains around. However, they still tend to fall at least as fast as the high-cap stocks, if not faster. So there is no hurry to buy.

Regards,

Phil



To: Oeconomicus who wrote (25863)8/31/1998 5:26:00 PM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
I agree with Phil, Bob.

After a sell-off like this with more possibly to come, they haven't rung the bell yet that says it is over.

Business as usual won't be.

And the unknows which are creating this mess are still unknows.

Unless you have, like my 30 year old son, a really long time perspective... then I would wait to see how this shakes out.

(He still owns the BA I told him to sell at 50... it hit 30 today. It may be a LONG wait).

Bill