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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (14123)	9/27/1998 11:58:00 AM
From: Hank	Respond to of 18691

Bill, Like I said, I like COST too. However, I like buying at the best possible price. In the long term, it may very well go to $200 a share but even you would have to admit it will take awhile to do that. So, I see no reason to rush on in and buy when I believe the price will drop lower. I know you don't believe in TA but, at the very least, it take a few more months to shake out this bear market if not longer. I see lots of great bargains out there but I'm not rushing to go long anything right now. When the time comes to cover my short positions, then I will be looking to put some cash towards long term investments like COST. If I actually have to buy at a higher price then I expected, that's ok too so long as the bear market has clearly ended. Hank