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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?
KO 71.180.0%2:52 PM EST
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To: BOJO who wrote (1030)4/15/1998 11:17:00 AM
From: Jerry Miller   of 1462
 
the stock is down so far this morning. 1 1/4 right now.
and if i had to guess, i would say it's because they didn't
announce a 2-1 here, around 80, like a lot of us hoped.
...so they're dumping it, for now.

same thing happened yesterday with PFE.
good earnings...no split.
in the past they have gone 2-1 around 95.
they've been dumping it for two days straight now.
(i confess to selling my LEAPS on the "no split news")

...same thing will happen to Merck, tomorrow.
they usually go 3-1 around 135.
if they don't announce a split tomorrow, when they report, or soon
after, it's rotation city.
i'm out of the July 120s on the pre-no-split-news.

...but all with humility.
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