FDC : First Data Corp Message Board

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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Katherine Hoff who wrote (12)	1/30/1997 10:27:00 PM
From: Uncle Mikey	of 323

I bought the stock at $38 even though I considered it to be fully valued against next year's earnings at $37.00. I bought it because I think it's future will be a good one. It is a high quality company in a high growth field, with a good plan for the future. It has been in a pretty tight range lately between 35 3/8 and 39 1/4 or so. Sooner or later it will break out of this range to go higher or lower. In my very amatuer attemps at TA I would say the stock appears to have pretty stong support around $35. Barring some sort of unpleasent surprise or a general market correction i think (hope) it will not go below this support but will instead move higher. But I really don't think there is really and truely a totally "safe" stock investment. It might go down a bunch. But I think there are enough buyers, with all the recommendations out there on this stock, to mitigate it's slide. For myself, I am willing to ride out this uncertain period. It is always kind of unpleasent to hold a stock when it is going through this kind of uncertainty but you can make a lot more $$$ in the longrun than if you buy at a top. In the longrun though, it is your own risk tolerance that matters. Good Luck.

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