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Non-Tech : Wal-Mart
WMT 102.62+0.9%Nov 7 9:30 AM EST
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To: fred woodall who wrote (672)5/5/1999 9:23:00 AM
From: Esway  Read Replies (1) of 1166
 
As far as the continued selling I think you are right and for the correction I think its due in the DOW has been happening in Nasdaq for the last week. I base my buying point on the resistance that WMT shows during the selling. Last Friday it sold off late and hit 43+ only to have buyers step in the last 30 min. to bring it back to a close of above 46. I bought at 43+ and sold above 46 then and will do so again giving the opportunity. The downgrades on great companies such as WMT I pay no attention to them, its just the brokers way of manipulating stocks. In the event of a major correction which sends WMT way down I would still feel just fine with a price I bought at. Below 40 would just be a great time to accumulate more to average cost down.

EW
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