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Non-Tech : FedEx (FDX)

FDX 270.60

+1.1%

3:00 PM EST

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To: Gary Wisdom who wrote (60)	3/25/1998 5:51:00 PM
From: Peter Yang	Read Replies (2) of 524

Per Briefing: FDX: Says sees FY98 results from international operations below FY97 levels. Also says that it has seen no fundamental improvement in Asia... I take that as a warning and that's what going to drive up the stock price tomorrow. Nowadays Wall Street likes bad earnings and warnings because WARNINGS ARE REALLY BUYING OPPORTUNITIES. I checked many companies' stock movement after warnings and bad estimates and I found out if you just buy at the first dip after the bad news, you can easily make more than 10% a day.

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