MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Vitas who wrote (33347)	11/13/1999 8:39:00 AM
From: donald sew	Read Replies (1) of 99985

Vitas, Not that I talk about individual stocks much, but the recent IPO, UPS, is of interest as an example of the mania. I saw the comments of TICE, and his mention concerning UPS. Who knows when the top will arrive, but as for UPS specificly, this baby will come down once the momentum top is in. Mania at its best. What I feel people are forgetting is that its a transportation stock, not a high tech. Since I use to be in the that biz, UPS is subject to fuel costs and labor issues which is always problems in transportation. The P/E is basicly double all the major freight carriers. Of course they have an advantage being the largest but is it worth double the other carriers like FDX. Im not saying that right now is the top, just that when the momentum subsides this baby could lose 25%+ of its value very quickly. Its interesting to note that UPS was down 6% yesterday when most of its competitors were up. There is not enough technical data to make a prediction, since it just opened this week, so it could still go alot higher if momentum permits. seeya

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