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Biotech / Medical : Merck -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Miller who wrote (519)	2/18/1998 9:12:00 PM
From: Jack Spratt	Read Replies (4) \| Respond to of 1580

Is this a great company or what? I've had this co. since the mid 30's range and have held on for the long haul. I think these following factors will affect this co. : 1) a large market down turn (obviously) 2) Hillary-ising the health care industry (see historical info) 3) Profit taking (clink glasses) 4) War, impeachments and just about everything else serious/negative that can happen in this crazy world. Fortunately, the first two, which are potentially long term problems, are not ....... on the horizon! As for #3) I say ride them out. Meaning: shorts will have their day and so will we. 4) #4) is an x factor that as far as anyone can tell, is probably short term as well, but a buy signal nonetheless. I think an Iraqi war will, depending on the amount of cooperation from the allies, will definitely affect the market adversely. If the allies can meet objectives quickly (whatever those are) and get out fast, that that may be the perfect buying opportunity. If it is long and protracted. Watch out. If the prez is impeached or quits then it probably will signal a short term correction. Load up if this happens. Just my 2 cents.