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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?
KO 72.88+0.4%Nov 26 3:59 PM EST

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To: Sol Rosenburg who wrote (590)8/10/1997 1:26:00 PM
From: Jerry Miller   of 1462
 
Sol,

"I don't think 55 is impossible at this juncture, though...".
i tend to agree, at this point.

it could be too, that KO has opened the door for a trend in
big cap earnings warnings, with theirs, on Friday.
we shouldn't be surprised now, to see some of the large caps starting to warn
over expectations, even as they continue to do well.
quite frankly, it would seem to be a golden opportunity for the
large cap CEOs, whose overvaluations have been on everyone's lips for
so many months now. quiet the expectations, and you bring down the
price. bring down the price, you bring down the P/E.

...and of course this is a page right out of Microsoft's book on
dampening expectations so that they can exceed expectations.
they warn every quarter.

J.
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