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To: S.C. Barnard who wrote (13934)1/18/1998 10:47:00 PM
From: Jorge  Respond to of 97611
 
scba.......Thanks....I am thinking we are in for an upside next week.....There are too many positive, fundamental things going on.........George



To: S.C. Barnard who wrote (13934)1/18/1998 11:07:00 PM
From: Night Writer  Read Replies (1) | Respond to of 97611
 
scba,
IMHO which is not always great we trade in the 30 to 34 range on great 97 earnings, and have a hard time breaking 35. Great 97 results might be tainted with "yea, but can they do it consistantly attitude" If 1st quarter results are great, we are off to the early 40s because it gives long term credibility to earnings. Of course, this might be changed if Far East concerns create some sort of panic. Right now, most people don't understand the Asian situation. They are putting all or a good good chunk of their money where it will be safe until the Asian problem is solved in their minds. Broad perception drives the market. This is better known as greed and fear. Right about now great earnings with a lower price will overcome some fear. This is a mass psycology approach not reality!
NW