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Alias Born | 09/05/2002 |
Sunday, March 30, 2003 5:30:33 PM
My experience is that, in any market, there are cheap companies worth buying (and expensive companies worth shorting). Take, Corning (GLW) for one obvious example. I first mentioned that I was long GLW in msg# 2124 on this MB on 10/27/02:
http://www.investorshub.com/boards/read_msg.asp?message_id=555874
I sold the bulk of my GLW position on 3/10/03 (as reported in msg #125 on the GLW MB). Anyone who bought when I recommended the stock in October and sold when I sold in early March would have tripled their money in only five months.
I mention GLW not to suggest that I am smarter than other investors (I recognize the role of luck in these kinds of successes) but rather to show that great investment opportunities are constantly available, regardless of the direction of the broad market.
For an amusing on postscript on GLW, consider this message from last August:
http://www.investorshub.com/boards/read_msg.asp?message_id=445475
As it turns out, August would have been a great time to buy GLW (almost as good as October). I generally consider these kinds of “doomed company” posts as a contrary indicator. FWIW. Dew
P.S. My favorite stocks right now for hitting a potential “home run” are TMTA and NUVO, a small biotech company formed by a recent merger.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
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