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Technology Stocks : Thermo Electron (TMO)
TMO 572.41+1.1%Nov 7 9:30 AM EST

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To: RichardHS who wrote (18)1/2/1997 12:17:00 PM
From: edwin k.   of 450
 
Hi Richard
You won't see my reply to Rodney; I am limited to two messages per day until I submit a postcard to SI since I am a new member. I just e-mailed him with my reply, but from now on I'll just weait till the next day. Anyhow, I basically told him that Mutual Funds are usually on the move around this time of year; they don't want their investor constituents to see the dogs in their portfolios and with the ratings coming out soon, I would think they would want to adyust their portfolios to show winners as much as they can. I am assuming this would include tmo. Therefore, I am saying that MFs of all types, including the index funds should be buying right now. And then, how many individual investors would be buying in anticipation of the big boys getting in. I mean, you don't have to be Warren Buffet to figure out that investors with half a brain would be anticipating this right? My guess is that the stock will continue to rise unless we really have a down market, which is also quite possible. I do believe it's a good bet that many MFs of many types will be getting on board along with many individual investors. You know the PE is not all that high @ 27 or so. I am really a lifer anyhow, so I am not worrying about the short term ups and downs. I would hold at 41 and probly upwards into the 50's, but I don't know about buying much above 41 or so. I guess it depends on whether you are a trader or not.
GOOD LUCK RICHARD
EDWIN K.
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