Wal-Mart Message Board - Msg: 1758411

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 3:59 PM EST

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To: Leo Francis who wrote (100)	7/14/1997 2:48:00 PM
From: Jack L. Dlugach	of 1166

Leo: You're right about Barron's--I haven't found them to be any more reliable than any other source of opinions. But the stats I posted aren't theirs--those are the stats, that's all. As far as the estimates going forward, that's all they are and nobody can be sure if they're high or low. Three of the seven stocks I sold on Friday are sharply higher but I made nice profits on all of them so I can't complain--when the market tanks, and I agree with you that it will and, yes, I remember '87, I'd rather have a nice cash cushion than to be too heavily invested in stocks. Barron's also has a pretty good interview that clearly states in no uncertain terms that this market is very overvalued and is bound to correct big time one of these days. But they also said no one can be sure when that'll be--I agree with that much. WMT, as I said, is expensive--no argument at all there; it just depends on how expensive it is and I think that by the time I pay the taxes and commissions, that's one I might as well keep. If it goes much higher, though, I'm outa there.

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