Buying Opportunity

Discussion in 'The Archives' started by upsadvisor, Oct 23, 2002.

  1. upsadvisor

    upsadvisor Guest

    After several downgrades the stock has come under some selling pressure.

    This may push the stock back into the mid to high fifties.

    If the stock falls below 55 I would start to buy as the long term prospects for the 2nd half of 2003 look good and the 4th qtr will probably get a bump from the port closing and could be a catalyst for the stock to move back into the 60+
    price area for a run at 70 later in 2003.

    Stay sharp this stock does not stay down long.

    John
     
  2. robonono

    robonono Guest

    UPS's honest appraisal of our 4th Q prospects have further drawn down our stock price. Unfortunately, if the ANALysts don't lower their expectations to meet our estimate, we will see the same major hit in 3 months.
     
  3. tieguy

    tieguy Guest

    Stock has finally established its foundation in the market. I firmly believe it would take several poor quarters for this stock to drop below 55.