Alan Ackerman Buy Quotations

We're seeing strength in technology and current optimism is based upon inventories worked down -- even Motorola indicated they're making progress in that direction, ... Techs are doing well and people will be combing their lists of stocks to buy for the long-term, but it's going to be a highly selective process.

Negative psychology is building and confidence is eroding, ... We're seeing the deterioration of the desire to buy -- everything is for sale from Main Street to Wall Street.

Greenspan's comments did little to build confidence, ... The main catalyst today was to back away from risk and try to buy a bit of stability.

I think they've run rather quickly, and if anything they're buys on the weakness rather to buy into the upside momentum.

Apache has outperformed the market. It's up 9.8 percent so far this year, ... Apache is a driller that also benefits from increased business overseas. That means that the lower dollar is a benefit to them. They've got a big find in Egypt. It's an independent oil and gas company that I think has lots of room to run. I wouldn't be afraid to buy it here. It's been a market leader even over the last 12 months.

It's OK to buy on the dips but it's not OK to commit much money at this time, but we are seeing signs of stability.