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Technology Stocks : INTEL- Money Making Option Ideas for Small Investors
INTC 39.99-0.4%Oct 31 9:30 AM EST
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To: Al Serrao who wrote (84)6/25/1997 3:37:00 AM
From: IQBAL LATIF   of 201
 
Al- The "Mother of all bulls" Ms Cohen has spoken of US markets doing good although not great until year end 1998.

I think INTC -IBM COMS CSCO all will rise in a rising tide.

She projects 8-10% increase in corporate profits every year, so where does it takes us, if you can determine total corporate profits and slap a figure of 8% or even 7% to be conservative for each year in profit increases, the market by year end 1997 should start taking into a/c the profits of next year, so if even it trades at a multiple of 20-21 with a two years profits built in, as per my rough estimates we are looking at DOW 9500-10500 by 98., naturally we will see DOW c;osing at 8500 if earnings scenerio projected are to be believed.

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