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Gold/Mining/Energy : Conoco (COC) - The biggest U.S. IPO ever

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To: Weekapaug who wrote (7)11/29/1998 12:31:00 AM
From: Night Writer  Read Replies (1) of 123
 
Could be the market in general being so high. Read in the paper today that it might go to 10,000. Seems too high to me. Holding a good amount of cash, and waiting for next pull back. However, COC appears to be a good deal with a 16 PE. Don't expect it to take a hit on a general pull back. If it does, I don't think it will be big. ML issued a LT buy, and a NT accumulate. A good rating for a brokerage house that is in the Bear camp right now.
NW
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