Wal-Mart Message Board - Msg: 1848775

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Non-Tech : Wal-Mart

WMT 102.48

-0.1%

Nov 14 9:30 AM EST

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To: Ken Turetzky who wrote (174)	7/27/1997 10:52:00 PM
From: Jack L. Dlugach	of 1166

Don't know what to say, Ken--my target for sale was 32 and then when it hit 32 I decided it looked like WMT was still cheap by comparison to the overall market. Now it's looking pricey but it's still not as pricey as some other stocks--Coke, say, or Merck or Dell or...you name it. I don't expect WMT to fall back into the 20's even though I do expect an eventual correction and I also agree that Ben makes a good case to hold. If I recall, you're holding this one in a tax-sheltered account so that makes a very big difference--I have a big position in WMT and I'd certainly have a strong desire to sell at least some of it if not for the taxes and even with the taxes---"what do I do." Always the same old question-- it's easy to pick a stock and buy but not so easy to decide when to sell. Overall, the market has to correct pretty good someday I would think-- it's never gone on at these kinds of overvaluations without a major correction sooner or later. Like I asked Leo--When? How much? That's the question that I'd ask the crystal ball. :)

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