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Technology Stocks : How high will Microsoft fly?
MSFT 465.93+3.3%Jan 23 9:30 AM EST

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To: Sonki who wrote (859)4/6/1997 9:04:00 AM
From: Joan Osland Graffius   of 74651
 
Sonki, My Merril Lynch broker got me into Callaway golf when it was at $14. I sold it, with a nice profit, but to early. My selling of the stock was my idea not his. I believe he still has a large holding of Callaway in his personal account. Both of these stocks have adjusted from their highs. Callaway makes the top of the line equipment and their clothes are first class.

I down loaded the Merrill Lynch evaluation on nike and they have a accumulate short term and a buy long term on the stock. They also increased their earnings estimates after the last release of earnings. I have not down loaded the Callaway evaluation.

My gut tells me both of these companies are fairly risk free holdings. Both need watching when you own them to ensure they are staying number one in their industry. I don't see that changing anytime soon.

What I mean here is if nike shoes loose their edge and it becomes not popular to wear them for some reason or other and Callaway becomes a 2nd rate outfit. But for now if you are anyone you are wearing nike shoes and playing with Callaway clubs.:-)

Joan
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