WILL COCA-COLA ALWAYS GO UP? Message Board

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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?

KO 68.50

-0.3%

3:59 PM EST

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To: Peter Longerich who wrote ()	9/8/1999 1:33:00 PM
From: Shawn M. Downey	Read Replies (1) of 1462

From Thomson Investor: KO -- Soft Drinks -- Consumer Goods 08-Sep-99 11:48:54 Shares of Coke are bouncing higher for the first time in 4 sessions. The stock lost 8.1% in the past two days after pre- announcing an earnings shortfall on September 3. Coke's I-Watch chart shows a resurgence in interest from the bid-side with several super bid messages accompanying the stock's rise. Recent data showing that bidders continue to come to the market, even as the stock trades near its intra-day high is a near-term positive. However, keep in mind that there remains a cloud over the stock in the minds of many investors. This sets up a battle between investors selling stock on the recent downward revisions and the buyers utilizing the buy on dip mentality for Coke, which serves as a "core holding" for many long-term oriented investors. Block data confirms solid institutional interest with over 42% of today's volume stemming from blocks of 10K or more.

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