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Non-Tech : McDonalds (MCD) -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (88)3/12/1998 2:50:00 AM
From: Fredric D. Bellamy  Read Replies (1) | Respond to of 288
 
>>"Actually over the long-term, I expect to see a "Slamming Palm into Forehead" pattern for those who are intent on playing short-term games with this stock..."<<

I like that pattern! It may be playing out even over the not-so-long term. I'm no technician, but as an investor I enjoyed seeing MCD set a new 52-week high yesterday. Leave it to Businessweek to pick precisely the wrong time to run an attack piece on MCD.

James J. Cramer still likes MCD. Here is what he said in his Yahoo chat earlier this week:

"Tenbagger asks: How about restaurant stocks? Too early?"

"Creme_Delacramer: I keep being tempted; and then I go to them--I am long McDonalds though--big."