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Quest Diagnostics Inc. Message Board

  • An_Internet_Junkie An_Internet_Junkie Feb 26, 2003 12:55 PM Flag

    Too late (almost) !

    DGX is not in an uptrend, but in a serious bear market which will last years. In the 80's, everyone was hopeful, in the 60's the same, now again. This is typical bear market psychology. In the following months, DGX will drop at least to the low 30's, possibly 20's. Last chance to sell for good is now, on this short-lived bounce. Stop deluding yourselves, take your money and put it in a safer place, especially if its your retirement. A rational, sensible investor will heed this warning, look reality in the face and act using cool, logic judgment, not hope.

    Good luck with your investments.

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    • DGX could see $40 if you look at the 5-yr chart.Got in $48/out $54. Think quickie deals the only way to go now if at all.ULAB being out of the box now helps though. Problem is overall economy busting out, war etc. Bush NOW needs make his move. This war-on-hold doing what it is doing to the economy and recession can't continue till Sep't.

      • 1 Reply to bottman20012001
      • Disagreed. There is going to be some volatility in the share price as ppl who now have DGX stock are cashing it in. I think the company's release expected the price to fluctuate for about a month. Nonetheless, it's silly to think that DGX is going to be back up at 65 in a week. We have made good progress for the week, eased back by some profit taking, but I think we will trend higher for the next few weeks, much to the tune of my cash account as I siphon off shares for a profit.

    • Uh-huh.

      And you are short exactly how many shares?

    • I don't know about the long-term, but if it's up $1 today while the Dow is down, I think we are good for another $1-3 if we get a rally in the Dow. At that point, I'll probably follow your sell recommendation.

      Who knows, maybe one or more of those HOLDS will get upgraded to BUY and we could see a short-term spike.

      • 1 Reply to STRAZKAT
      • u_2faced_backstabbing_sellout u_2faced_backstabbing_sellout Feb 26, 2003 1:46 PM Flag

        Agreed. The DOW definately wants to rally...(even htough it would be a bear market rally).
        The question is....if the market does rally, history shows us that money will rotate out of bonds AND the drug sector. We aren't exactly drugs, but were not TECH either.

        No way this is a dead cat bounce...this is definately a rally on news. But people that bought in in the high 40s, are gonna be looking to cash out soon...as are the ones who've just seen their DGX portfolio recoup 10% of it's losses, They may dump before it goes back down. (if it goes back down).

    • You post has both facts and opinions. However, your facts don't support your opinions. They aren't even related.

 
DGX
67.78-0.16(-0.24%)Dec 26 4:01 PMEST

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