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Strategies & Market Trends : India Coffee House
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To: Shivram Hala who wrote (2187)8/6/1998 10:29:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
Shivaram: Abby's prediction for DOW hitting 9300 was made earlier in the year and when DOW reached that level she was on NBR again and
Paul Kangas asked her what her next target is she said something like
this and I paraphrase- Paul we do not revise our target numbers often
but we did advise our clients at the time that DOW could go substantially higher than 9300 and that 9300 was just the minimum target for DOW that they were shooting for.

I personally like her approach rather than some of the other guys who keeps changing their DOW numbers up and down based on what the DOW has done for that particular day like that Acampora guy,he changes his tune every time DOW turns precipitously up or down,any idiot can do that.

Goldman Sachs and Abby still maintain the same stance they have taken earlier in the year with regards to DOW and the market in general and have not changed anything as of today.
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