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Non-Tech : Cendant Corporation (NYSE:CD)
CD 7.180-5.2%Dec 12 3:59 PM EST

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To: Neal davidson who wrote (511)5/6/1998 10:43:00 PM
From: VALUESPEC  Read Replies (2) of 3627
 
Neal, I sold because I was concerned about the market and the erosion of some substantial profits that I had. However, after I sold, I felt uncomfortable with what I had done and decided to buy back (I also listened to the conference call again to make sure I was going to do the right thing).

This market could be due for a correction. On top of that, I'm not sure how much support the market will give CD until the audit is complete. However, this is one of the best large cap stocks out there right now, so I decided I was premature in selling. I guess I'll know if I made the right decision by tomorrow.

I also thought that maybe a lot of people were behaving just like me and selling the stock to lock in profits. The more I thought about it the more I began to think $ 24.00 could be sustained, especially if the sellers start to dry up again.

We'll see.

VALUESPEC
valuespec.com
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