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.

My current suggestion is to let the dust settle and look for buying opportunities, ... One of my favorites is Pfizer.

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 the higher multiples that have put off buyers for now, ... If the economy slows, it will affect technology stocks.

The biggest bull market in history still appears to be intact, ... Although the market is up tenfold since 1982 and lots of wealth has been created, there are still buyers to be found on market pullbacks.

I think people are hurting and we're in a market where there is more 'sell' advice than 'buy' advice. Buying is highly selective and still full of risk.

This was the last chance for the Fed to raise rates in 1997. The market reacted earlier as if nothing would happen, and when the news came we saw some buyers but also some sellers going to work,

While bargain hunters are going to work, the market is still suffering from a low level of consumer confidence, ... I'd be in no hurry to pull the trigger and be a buyer at the moment but I would be building a buy list.

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

There's a feeling that oil prices will work higher still. The U.S. is more dependent on foreign imports than it has been in a while, and with oil prices on the rise, buyers moved quickly into oil stocks and energy related stocks,

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.

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.

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.