Also, the fundamentals are perfect. The stock fell due to a transition from father to son as CEO and the son failed miserably in running the company. He was finally replaced by Ed Zander who has turned the firm around and they are resuming their position as "best of breed" in their sector.
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of BobsKC
Sent: Saturday, August 20, 2005 4:03 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Fw: Emailing: mot
I believe that MOT will resume their position as the leader in "hand set" sales, (cell phones), in the near future and Nokia will be dropped to second in sales. Zanders has a proven track record and is operating with the total support of the MOT board. I purchased several K of MOT at $13 and I agree with the targets Ben has laid out. In fact, I don't think it impossible the stock will see the mid $40's if the economy and markets hold up. During the bubble, this was a $140+ stock so $100 under that level is not an unrealistic consideration.
Thanks Ben
Bob
At 02:52 PM 8/20/2005 -0400, you wrote:
As you can see Motorola has made a nice run this year
followed by a small retracement
the 4 lines on the screen is the perfect stop loss,
when a stock commodity, index, etc. trades under the lowest line it is considered in a buy zone,
you add to the position when it trades above the lowest line,
add more when it is above the second line
buy the full position when above 3 lines
see, how in a strong market it never penetrated the third line from top,
currently.
the correction is over
and
the risk to the down it only 50 cents from Fri. close,
I see this at 25 by Jan 2006
the p/e is very conservative
sales and net income is on a steady rise
Ben
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