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Non-Tech : Wal-Mart
WMT 103.07+0.6%10:49 AM EST
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To: Leo Francis who wrote (48)7/3/1997 8:41:00 PM
From: Jack L. Dlugach   of 1166
 
Well, Leo, here we are--no rate increase and WMT hit another new
high--actually, the stock has gone up so much this year that I'd
consider selling half except for the taxes; I figure that even if
the stock corrects from here, it shouldn't correct more than the
28% capital gains--but if it goes much higher, I don't know--starting
to get a nosebleed from the altitude.

Story in today's WSJ--MANAGERS OF 3 BIG FUNDS FIND VALUE AMID THE
HIGH PRICES--The manager of Washington Mutual, the country's 4th
largest, says WMT is "a recent edition" and he feel it's back on
track to resume the rapid growth.

Is he right--dunno, but I decided to hold on so I sure hope so.

However, again I say--I would NOT be buying at these prices; way
too rich for me.

:)
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