Praxair - Industrial Gases NYSE:PX Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Praxair - Industrial Gases NYSE:PX

PX 10.16

+0.1%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robin T. Miller who wrote (22)	11/21/1997 2:20:00 PM
From: Richard Mazzarella	of 56

Robin, thanks for posting. While Stearns downgraded, there was another house that upgraded PX the day before. I can see that some of the funds that were holding for a long time were trimming back. I suspect that they thought that the bear market was upon us. I still expect a run to all time highs with a blowoff before it's all over. The tech stocks are getting killed lately and I think that people are slowly returning to the "tried and true", overpriced or not. I still expect PX to form a right shoulder before turning down. Also, who knows what will happen. The Asian markets are crashing and people need a place to dump their 401k money. Japan had a market with a P/E of 60 before it all came down around their ears. PX with a P/E of 18 with most of its business in North and South America could do well. Time will tell.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next