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To: Joe Sabatini who wrote (3663)10/21/1997 11:23:00 AM
From: jeff c.  Read Replies (1) | Respond to of 74651
 
yeah, and they would do this.... why?
Have a great day!
j



To: Joe Sabatini who wrote (3663)10/21/1997 11:34:00 AM
From: John Chen  Respond to of 74651
 
Joe, that would be a good sign.

But if you are not in for the long term and the and the guys keep recommending, I would still be cautious and watch out for:

1. market topping, like most leaders are below their recent highs
and just wandering around.

2. possible developing NEWs (any kind), like:

interest heading higher

currency problem

margins deteriation

revenue trend not acceptable(to those guys)

product cycle not to those guy's liking

My point is pay special attention to MerryLunch and friend's lips
what the market is not as healthy looking.

Long term buy, means NOTHING (INTC,HWP,IBM,CPQ,SUNW,TXN,KO,CL,G,CSCO,
COMS,BAY,T,GM,CHV,XON,..or just buy S&P110 or s&p500 ..........)

Short term buy, may mean buy and get the hell out of there when I tell
you.

Anyway, it is still good that the blessing is there.



To: Joe Sabatini who wrote (3663)10/21/1997 1:27:00 PM
From: John Chen  Respond to of 74651
 
Joe, reluctantly to tell my shameful MerryLunch experience.

I bought a stock-XYZ at $32, by luck, it went up $2-$3/days
for a couple of days. And then MerryLunch UPGRADED the stock
to LONG TERM BUY. The stock went from $38 to $49 in a week.

It then TANKED daily by $3-$4/day, I though LONG TERM BUY meant
don't ever sell it. I finally chickened out at $25 in 2 weeks.

After that, I will never share my lunch merrily with anyone have
a name pattern like that.