Heavy Machinery. CAT DE CSE DDC CUM Message Board

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Non-Tech : Heavy Machinery. CAT DE CSE DDC CUM

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To: Ferick who wrote (20)	12/30/1998 3:34:00 PM
From: John Stichnoth	Read Replies (1) of 190

Thread: Quiet. (shh!) Applies to this thread and this sector. What about theory that price correlates with activity on chat boards? If so, then this sector has nowhere to go but up. CAT thread is equally dead. Also, Yahoo threads are real quiet. At some point fund managers will stop shaking their heads at the overpriced internet stocks, and people will stop throwing more money at those stocks--and will come looking for value. (That worked two years ago on Cisco.) Technically, the bottom is getting stronger and stronger for companies such as DE, which in the last several weeks has shown reinforced bottom support at about $30. The longer DE wallows along at this level, the stronger the support will become--until something happens on the upside. Because, it sure seems that the market is pricing in all the bad news. On fundamentals, DE might show earnings of $1.25 per share for 1999, and PE would still be below the current market. Then with share buybacks and increased dividend payouts (which they have consistently done), yield looks better and better. Yield is already almost 3%--not bad in this environment. Maybe these stocks are just too boring for the folks at techstocks.com. js

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