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To: Bill Harmond who wrote (10206)4/17/1998 12:36:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 27307
 
William, a test of "support" at $69 would validate what exactly? That it is still in an uptrend or that it is currently only 87% overvalued? More like 500% overvalued, but who's counting... I'll settle for $69 to start though.<G>

BTW, have you soured on CD? My first impression was that today was way overdone, but after a full day (minus the hour and a half or more that it took the NYSE to open it) of waiting for a bounce, I let it slip back and settled for a disappointing $250 profit. (Well, that'll pay for one helluva dinner at my favorite 30 seat Italian restaurant). Is this bigger than just playing loose with revenue and expense recognition or is it really just a 10% adjustment to '98 eps? All the analysts sure ran away fast. Thoughts?

Regards,
Bob