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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (3027)1/15/1999 12:21:00 PM
From: Crossy  Respond to of 37387
 
Bosco,
thanks alot for your cautionary remarks. Unlike many others I try not to get lost in the "fear". My basic theroy is: as long as the jitters are not caused by INTERNAL factors ( domestic inflation, recession etc.) I see no worries for the stock market. You are right AAN entered the Brazil market this year I believe - but - they bought assets of an almost defunct company for a steal. The worst case would be a "writeoff" of the "clearance-sale" purchase. The best case a slightly less profitable market. No big thing I say (I may be wrong - however)

Another thing: PROG is looking really good. Retracement from new high ($19) to old high ($13) completed, way cleared to take off. I say $50 is MINIMUM target. Zeev is literally throwing a party in this stock..

regards
CROSSY