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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (3123)	9/29/1998 5:00:00 PM
From: Bill Wexler	Read Replies (5) \| Respond to of 4634

<<Why should everyone jump onto COST at the very instant you suggest? >> Because I am correct about this company, and the stock is a bargain. I'm not suggesting that the stock couldn't become more of a bargain! <<What has been your average purchase price so far, about $55?>> Actually, closer to 52. <<You could have saved yourself 10% by waiting until now.>> That doesn't make any sense since it is impossible to predict the short-term price movement of stocks. I've entered shorts "too early" as well, and they've run up before eventually collapsing. I've maintained all along that the stock is currently undervalued and it would be real swell if it would jump right back up to 60 - 65 a share quickly. In the long term I have zero doubt that this is a $200+ stock. I'm going to continue accumulating this stock at any price I feel is fair until the company fundamentals change. <<You, of all people, should understand the logic in waiting for the best price under more stable market conditions.>> The market is rising and I feel that now is a great time to start snapping up quality stocks. Even with the NAZ and DOW dropping slightly today the more general average - the S&P continued its climb. I expect this general trend to continue because U.S. equities are still undervalued.