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


To: Bill Wexler who wrote (3719)11/13/1998 11:22:00 AM
From: Druss  Read Replies (1) | Respond to of 4634
 
Bill--GERN, Tokyomex's latest pick is down around a point.
I am so stunned to have to say that.
I covered my ALTIF short for a small gain. The thing just kept hanging there. I was fortunate enough to not get bought out when Dated reamed a few shorts who had been in longer than me but it turned into a waiting game. Much too long of a waiting game particularly with the MM siding with the company. I got sick of seeing stuff like: Last trade 7 5/8, Bid 7 3/4 Ask 8.
All the Best
Druss



To: Bill Wexler who wrote (3719)11/13/1998 9:55:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
Wexler doesn't budge!!!

Ahhh the market sentiment swirls around me like (fill in your own autumn/winter wind,snow,etc. metaphor here).

Strong buy COST - intermediate target (12 - 18 months) $100 a share.
Long term target: $200 - $250 a share.

Strong buy AMAT - 12 month target: $70 a share.

Strong buy CPU - *an iffy* short term target of $20 sometime during/after Christmas season. Intermediate target: (12 months) $35 - $45 a share...then we'll re-evaluate the situation.

Strong buy AXP - hold it forever.

Strong buy BT - hold it forever.

Strong buy CSCO - hold it forever.

Still don't see any great entry shorting opportunities. I will say this however, the mood for internet stocks seems to be deteriorating rapidly. That little AVCO fiasco coupled with those ridiculous EBAY upgrades based solely on trading momentum may have done considerable damage.