| To: Tom C who wrote (10) | 10/9/2000 12:39:24 AM | | From: Bill Ulrich | | | | I haven't followed MSFT fundamentally to any depth lately for a specific comment. But, aren't they a penny stock? <gg>
With the Naz falling below 3300 now, I think it's a little early in October to buy anything. Today's "good values" will be tomorrow's "screaming buys", and I'd wait to see how October fills out a little more. As an example, Kerry and I were discussing LU at 36 a few weeks ago. That really was a great price at the time—until it lost another 20%. And I coulda swore that 3.00 was The Bottom for WBVN, so when it hit 2.25, I ecstaticly jumped in. Today, it's really On Sale, at 1.75
Well...WBVN is more spec than the other two, but really, I'd wait till the traumatic bleeding slows down before buying anything. |
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| To: Bill Ulrich who wrote (11) | 10/9/2000 1:16:17 AM | | From: EL KABONG!!! | | | | MrB,
Let's be fair about it (Lucy).
For a long time now, I've had a buy target on Lucy (LU) at 35. In all seriousness, I never really dreamed that I'd actually see that price. When the stock dropped to 36 5/8 (which at the time was a new 2 year low), I jumped all over it with both feet. In retrospect, I'd have been wiser to wait 'cuz I coulda got in under (way under) my original target of 35. But looking back on it now, based on the information that was available then, I'd still probably make the same decision. LU would appear to be a very good long term hold at the current trading range. I could be wrong, and it wouldn't be the first time. But my gut tells me that LU will be back in the not too distant future. Perhaps a few quarters or more may be necessary, but they'll be back.
And, look on the bright side. I got lots and lots of shares of the spinoff, Avaya (AV). In its first week's debut, it went from 26 to 14 & change, so... <very wry grin>
KJC |
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| To: EL KABONG!!! who wrote (12) | 10/9/2000 2:31:08 AM | | From: Bill Ulrich | | | | I hope it didn't sound like I was criticizing that move. I, too, thought it had bottomed. Some people thought it would cut 30 — I wasn't one of them. <gg>
I was referring more to Mr. Market's new Halloween persona—Vlad The Impaler. Long-term B/H should sit on the sidelines for a couple weeks (as with the last two), and see what happens next.
-MrB
"Did I say 25% off? How about 40% Off! No, #@&*@# that — 75% off!! Everything must Goooooooo!!!!" |
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| To: TEDennis who wrote (4) | 10/9/2000 7:12:34 PM | | From: Larry Brew | | | | TEDennis, Thanks for the birthday regards over on HCDC.
I clicked to see what stocks you were tracking and low
and behold, FBNA LIVES. Me grumpy!! You bet, and I owe it all to FBNA. When I 1st started on SI, I stumbled onto FBNA.
I tracked it considering to invest. Either you or one
of your cohorts set me straight. One of those embarrassing
moments on the board. Time flies when you're having fun.
Larry |
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| To: Bill Ulrich who wrote (11) | 10/9/2000 8:03:54 PM | | From: Tom C | | | | I haven't followed MSFT fundamentally to any depth lately for a specific comment. But, aren't they a penny stock? <gg>
Not yet but if the DOJ gets their way it could be. If they do, I imagine all the SEC software scanning the net for the phrase "the next Microsoft!!!!" will need maintenance.
So far your prediction is good. MSFT is down another 1 3/8 today. The other stocks I'm looking at are CSCO, SUNW, ORCL and TIBX (TIBCO Software) but the PE's are still a little rich. MSFT a has huge problems with DOJ and perception right now. The Antitrust thing is a huge overhang on the stock that will not go away for a long time but if I can get it cheap enough I will take the chance.
WBVN. Ouch! It's not a good time to own a stock whose's PE is N/A.
I probably didn't need to tell you that did I?
Regards
Tom |
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| To: Larry Brew who wrote (14) | 10/9/2000 8:14:58 PM | | From: Tom C | | | | Larry,
What are you doing here?
I knew I made mistake by not making this a moderated thread.
Just kidding. Happy birthday regards!
I hope you are old.
Tom
(Old in wisdom and young at heart, young in age is a bonus, congrates!) |
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| To: Tom C who wrote (17) | 10/9/2000 8:50:40 PM | | From: EL KABONG!!! | | | | Hi Tom,
Can you make a case for LUcy at this price?
Yes, I can, but the answer depends upon your perspective. Are you a long term investor? A day trader? A swing trader? If you were to invest in LU, what are your goals for the investment? How much risk can you tolerate? How much pain before you cry "uncle"? <g>
Lucy has some upside, some potential downside and (likely) higher than normal risk for a large-cap gorilla. Let me know your goals, and I'll post the long and short (as I see it) on LU.
KJC |
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| To: Tom C who wrote (17) | 10/9/2000 9:13:09 PM | | From: Larry Brew | | | | Tom, As long as I'm here I'll post my 2 cents. Like you, I
believe we're in a much needed P/E correction phase. The
market took forward earnings to unrealistic extremes. A
couple weeks ago I was well positioned and sold into good
profits. Mostly natural gas and utilities. I look at my
portfolio today and ask myself: "how'd I get here?" I've
been jumping on high risk microcaps. Probably because I
made a killing on them in Jan and Feb this year.
As for good techs, I love LUcy. I'm not in yet waiting
for a better P/E, but it's one of my favorites. I bought
ATML for a second time today. It's been good to me even
though it too is overvalued. I trade it for now. For me
wireless is where it's at. I'm big in AWE but love QCOM
and NOK also. Oh yes, and I'm loaded up on FBNA! :-)
Larry |
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| To: EL KABONG!!! who wrote (3) | 10/20/2000 12:41:33 AM | | From: bob | | | | <<Another simply gave up posting and whiles away his time
guzzling rum under a bridge in God-knows-where.>>
Hope to see him back...I watched a hockey game with him one night... |
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