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Non-Tech : RAINFOREST CAFE

RAIN 3.560

-0.3%

12:14 PM EST

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To: Dennis Vail who wrote (736)	9/21/1996 1:35:00 AM
From: Jack L. Dlugach	of 4704

Hi Dennis: Well, I don't know about this rally...it's fun on the way up, all right, but I wonder how it's going to look in the next correction. Too many stocks are trading at mania-like prices. AMD seems to be getting some better evaluations from the analysts so it may pay off yet. I'm back to a little profit again. I've been holding Westinghouse since it was a 9 dollar dog of the Dow and it's coming to life now, 18 5/8 today, and the guest commentator on the NBR tonight says it's his favorite Dow stock as it's turned around. Hope he's right. Then Seagram announce another stock buyback so that's up about 40% over my cost basis...not as good as Intel but not too bad. USS is on Value Line's "Timely" stocks now; got that one at 16 and it's over 39 so that was a nice one too. The only thing is these valuations are kind of outlandish; they go down as fast as they go up and most of us get stuck holding the bag. A lot of the financial gurus think a major correction is coming and I think they've got a point...they're calling this a market mania and comparing it to '87 but I think the fundamentals are different this time so I hope we're all wrong on that one.

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