Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP Message Board

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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: Timothy R. Tierney who wrote (93)	6/5/1997 9:07:00 AM
From: Michael Coley	of 297

Timothy, Thanks for the response! See my message to Al. I address growth issues there. One additional note that I might make: BTF has been lingering here in the 7-9 range for quite a while now. It certainly could sit here for quite a bit longer. Or, it could take off, compensating for the long period in which it has sat idle. I've seen this happen many times before. A few examples: About a year ago, I looked at INTC. I was amazed at the low P/E ratio, and talked to my broker about it. He pointed out that it had been lingering around 70 for over a year at that time. I didn't buy it. It doubled in about six months. In the past six months, IOM has been "stuck in a trading range" of 15-20. Just yesterday, it appears to have broken out on very heavy volume. I have looked over MSFT's history and found periods of a year or more where they were basically flat. These periods preceded some major up trends in the stock price. I think that a patient investor who does his homework will be rewarded. - Michael Coley - i1.net

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