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Strategies & Market Trends : Water! Water! Everywhere and Not a Drop To Drink! -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (69)5/28/1999 8:04:00 AM
From: Arthur Radley  Read Replies (1) | Respond to of 336
 
Wade,
Could not agree with you more on "buy and hold" approach. I've traded short term stocks for the "thrill", but the most money I've ever maded and still making are on the stocks that I have the certificates delivered out to me. For example, Walmart, my APPS is now under $4.00 and Citigroup(bought when it was Citicorp and all the talk about it going bankrupt)and I will get another 3-2 split at the close of trading today. Another example is IBM, bought it when it was in the "pits" but sold when it bounced to $127.00, but if I had held it would have split twice and look at the price today. Secret is to buy a good company and have the shares delivered out, so you will not be tempted to sell on short-term basis.

Would like to think SDIX will be a long term hold, but suspect it will be taken over at some point and probably in the near future.



To: Wade who wrote (69)5/28/1999 10:07:00 AM
From: big guy  Read Replies (2) | Respond to of 336
 
Hello Wade,

Taking a look at the weekly chart on WLK and its fairly safe to say the damage has been done. Base on fiscal year 99's estimates and the current price we will be at a PE of 10 by the end of the September quarter. Earnings growth is estimated at 51% for fiscal year 2000. There appears to be strong support in the four dollar area and overhead resistance very light. I plan on holding but like to trade a small portion of my position just to keep it interesting. As I said before you gotta love this base WLK's putting in. I believe it means something positive is on the horizon. Time will tell.

Big Guy