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Non-Tech : Praxair - Industrial Gases NYSE:PX
PX 10.09-0.6%1:36 PM EDT
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To: Gene Weisskopf who wrote (16)10/26/1997 6:54:00 AM
From: Richard Mazzarella  Read Replies (1) of 56
 
Gene, I think that the stock will form a right shoulder before falling again. Investment houses are recommending the stock as a SHORT term buy. PX CEO warned about the strong dollar on earnings in quarters out. The stock has had a good run over the last few years and will have to consolidate. I expect to take my profits at the top of the right shoulder assuming that the market doesn't take us down prematurely.
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