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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Stash who wrote (6552)1/10/1999 12:11:00 AM
From: BarbaraT  Read Replies (1) | Respond to of 90042
 
Thanks for your opinion Stash. I have to tell you that many of my long term holds have been bought when the sectors were considered less than *hot*. I feel that the hotel business has been suffering the past year or so and is due for a comeback. Now that Hilton has split itself into two and separated the casino sector (which I personally feel will take a bit longer to come back due to the Asian problems), this could be a good play. I bought DIS last week and believe me, that one is still having problems. However, when I say long term I mean long term. Some of my phones I have had since 1993 - started buying WCOM in 1995, etc. So I don't expect DIS to go up for awhile, I just don't want to miss the boat and feel this is a good time to start a purchase. I only bought 100 shares and so, if it should drop below 30, will buy another 100.

As for HLT, I haven't bought it yet. Meant to buy it when it was around 14 (the day it split) but my online broker went down and I spent most of the day on the phone on "hold" trying to get through. So I put it on hold, then it went to 15 1/2. I will take a wait and see. If I miss it, there are always other opportunities. If for any reason WCOM drops below 70 (which I doubt), I will add a little more. I have said for awhile now that this stock will be $100 - and now that I have heard a couple analysts give that prediction, I feel more convinced (not that they are *ever* right, but there is always a first time, right?).

So again, I thank you for the information. I always am appreciative when someone is kind enough to give me advice. I am by far no technical analyst and am mindful of all the help I am given ... by you, Glenn, Tim, Jenna and others. So thank you very much. Your points are well taken.

Regards,
Barbara