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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Soumen Barua who wrote (8541)	4/26/2000 3:52:00 PM
From: Arik T.G.	Respond to of 11513

I follow GE because it is the last of the all but extinct species of Dow monsters. In '97 and '98 only MSFT infiltrated the bunch of overpriced giant cap stocks. KO, WMT, XON, PG and GE were the other 5 largest stocks on the S&P. GE is the last NYSE traded giant cap on an up trend, and it is again the largest stock in the market, With a P/E of 48 on '99 earnings (43 on '00). I think it is worth watching. When GE's uptrend is over, the market will suffer. It (the market) cannot feed on MSFT, CSCO, QCOM and even INTC, or any other four letter stock, for that matter. The NYSE is still the bigger exchange, and new era or not, the companies traded there are the bigger employers and producers of goods and services. ATG