Alan Hoffman Quotes (7 Quotes)

In this volatile market, the best procedure is to buy on dips. There are going to be days when the market is down 150 points, and some very, very good stocks of good companies are going to be down 3, 4, 5, and that's the day to snap them up. Stocks are expensive, but they're expensive for a good reason. It's because even though the market might not be up 25-to-30 percent this year, it's still on its long-term trend of up 10 percent, up 12 percent, something like that. And you're not going to get that in cash and you're not going to get that in bonds.

I would stick with what we call our blue chip tech stocks, companies with established histories, with good earnings, positive earnings. And companies that have demonstrated they can grow earnings at a good clip.

The problem for the next seven weeks will be this tug-of-war. Until we start seeing earnings taking off, I don't think we're going to go anywhere but that says there's interest in buying.

It's beginning to bump up, but we don't think that it's nearly as vulnerable as some other technology stocks, because it benefits from Y2K, ... It benefits from Internet proliferation.

I'd use the market dips as an opportunity to get into quality companies. There are a lot of good stocks, some in the technology arena, some elsewhere that are down 20 to 40 percent from their 52-week high as established just a few months ago. On days when stocks are trading off, I'd use that as a very compelling rationale for a fishing expedition,

That should be great for interest rates and good for stocks,

I would guess that the CPI is going to be fairly benign, ... Usually there is some information about the CPI embedded in the PPI number. Based on that I can't think of any component within CPI that might be a wildcard.