Wal-Mart Message Board - Msg: 1747065

STOCKTALK

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 9:30 AM EST

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To: wiz who wrote (91)	7/11/1997 8:28:00 PM
From: Jack L. Dlugach	of 1166

Oh no, Mark, I didn't mean that I don't think WMT will tank in a big correction--I just don't think it'll tank as much as some of the others. As I said, I would've sold 1/2 my position if it weren't for the 28% tax bite to the Feds and whatever to the state because I KNOW FOR A FACT that WMT will be a good stock for the LONG TERM so I don't think I'm disagreeing with you and Leo. I'm just saying that you guys are CORRECT that you analysis is RIGHT ON if you look at all the FUNDAMENTALS. This market, though, is NOT trading on fundamentals--as Greenspan said, it's irrational exuberance and how much longer that'll continue is guesswork. So on fundamentals, I agree with you guys and that's why today I sold a whole lotta stuff in the non-taxable 'folios--just in case that correction gets here while I'm not looking and I have a feeling that's exactly what it's going to do. So I am NOT arguing with you guy and I do AGREE with you guys 100% (as OJ says) but I think I feel like I'm going in circles--I think you and Leo get the point, anyway. Ken's right, Leo's right, you're right, we're all right--it's just the market that's goofy. :)

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