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Pastimes : All Clowns Must Be Destroyed
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To: Roebear who wrote (2696)1/15/2000 10:46:00 AM
From: Oblomov  Read Replies (2) of 42523
 
Roebear,

My view is that food stocks will continue to perform poorly while the tech bull market is still alive. In a bear market, however, food stocks should greatly outperform today's high fliers. Due to the fact that the balance sheet of a company like HSY will not erode during a recession, the food stocks also do well in the early stages of a bull market.

I have been a long-time HSY shareholder (received shares as a gift in 1976)... I used Friday as a chance to buy back calls that I sold against my position.

Thanks for your comments.
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