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Non-Tech : Wal-Mart
WMT 102.48-0.1%Nov 14 9:30 AM EST
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To: TheInvestor who wrote (184)7/29/1997 2:39:00 PM
From: wiz   of 1166
 
Ben

So far it looks like your strategy of listening to Merril Lynch propaganda is working.(better than my stategy of looking at fundamentals-g-). But your comments of "this baby is worth it's weight in gold", and it's worth 50 could cost you eventually. This stock is worth what the next "sucker" is willing to pay for it. I realize it's a great company, there is no doubt about that. But at this point that isn't the argument. It is, is it worth it's current price. Coke is one of the best companies on the planet, but 70 a share is outragous. Yet even at 70 there is another whore... I mean analyst uping the target price. That's how these broker houses pay the bills! They can't sell stock with a target price below the current price!-g- So the game goes on.. but when the whistle blows... all the money goes! This stock is definetely not "worth" even it's current valuation.
Good luck in this "safe haven"

Mark
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