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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.
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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