Hi Steve,
I hope you had your Bear Trap set for the big one! WOW! -8 7/16s
today! Man, that hurts! Someone got scalped bigtime today with WLA.
I keep saying it, "Let the trend be your friend."
This BIG WLA bear still has plenty of fatty $$$$ meat to trim! And,
the hunters are out for the kill! MMs and Funds are shorting against
the box to avoid being craved as dead meat themselves. Rough business!
NYSE: (WLA : $65 9/16) $53,337 million Market Cap at August 31, 1998
Ranks 182nd in the Fortune 500 on Revenue & 104th on Profit. Employs
38,000. Trades at a 45% Premium PE Multiple of 45.2 X, vs. the 31.2 X
average multiple at which the Drugs SubIndustry is priced.
Warner-Lambert (NYSE: WLA) Time: 3:12PM Last Trade 66 1/16
Change - 8 7/16 (-11.33%) Volume 4,108,100 Avg.Volume 2,796,100
Prev.Close 74 1/2 Open 73 7/8 Day Range 66 1/16 - 74 00
Date Close Change Day High Day Low Volume
Aug 28 74 1/2 - 7/16 -0.58% 76 1/8 73 1/4 3,523,700
Aug 27 74 15/16 -2 3/16 -2.84% 77 15/16 74 1/16 4,843,500
Aug 26 77 1/8 +1 5/8 +2.15% 77 5/8 74 1/16 3,962,600
Aug 25 75 1/2 +2 7/8 +3.96% 75 15/16 73 1/8 3,504,300
Aug 24 72 5/8 + 13/16 +1.13% 73 13/16 71 5/8 3,151,900
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