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Non-Tech : Wal-Mart
WMT 102.95+0.5%3:59 PM EST
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To: Ken Turetzky who wrote (76)7/10/1997 2:43:00 PM
From: Jack L. Dlugach   of 1166
 
Ken: We're back up to 35 1/16 so it's looking good again; a lot
of buying came in when she fell below 34 and that was before the
sales reports were released.

Leo is correct about the tech indicators, of course, but many of
the analysts feel that this market doesn't move in time to the old
tech indicators and I think so too.

People are worried that these stocks are too high and are looking
for "safe haven" investments that won't drop as much as the broader
market when it corrects--the high dividend stocks and WMT are all
in that category.

Anyway, I sure don't worry about losing my shirt with WMT--if it does
tank for awhile it'll certainly come back and continue on the road
to prosperity--I've staked a big chunk on that belief.

:)
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