Wal-Mart Message Board - Msg: 1687748

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Non-Tech : Wal-Mart

WMT 102.80

+0.3%

1:24 PM EST

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To: Ken Turetzky who wrote (31)	7/1/1997 12:57:00 PM
From: Leo Francis	of 1166

Ken, did you notice the selling price? $33 3/8, they have not missed out on too much. Plus this is the info Quang was referring to I believe. When WMT is absorbing the selling, this kind of price action is normal. But when WMT's buyback nears completion, you'll see major selling pressure, meaning a price drop. Per Glass on the conference call, they wanted to complete it by the end of June. I sold more short today at $34. Good Trading, LF

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