Peter Cardillo Near Quotations

We've made some nice gains for the year, and now we're consolidating near the highs,

It takes a lot of guts to buy near the bottom, ... But smart money is made when nobody wants stocks. If investors take a long-term approach, I think they'll do very well.

Investors should be out there, picking up some stocks that are trading near their lows or have bounced off their lows and I think that have good futures. And among them: AT&T ( T : Research , Estimates ) -- their wireless division came in on target, 25, 30 percent growth, and I think that's what is going to carry them. Stock is hovering around their lows here. I think it's a 'great buy.' And I think in the next market rally, that the stock will have a nice bounce.

The market is near a stage when even good news become bad news, ... But I think its probably nearing an end to this decline.