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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Investor-ex! who wrote (17049)	4/22/1998 2:27:00 AM
From: Stitch	Respond to of 94695

Investor-ex; <<"Blue-chip stocks rose Monday, responding to loss-giving... LOL! Hilarious...you should be a columnist. Best, Stitch

To: Investor-ex! who wrote (17049)	4/22/1998 9:00:00 AM
From: James F. Hopkins	Respond to of 94695

Like Yesterday ; The collumhist say " Investors Warm to IBM up 8-3/8 " ------------------------- should have been, "Shorts put in hot seat and cooked as IBM runs up 8-3/8 on lower earnings". ------------------------------ Good news is bad, bad news is good.. ------------------------------ Really IBMs earnings are down .2M from last year, when it was trading around $67 , last year net was 1.2M this Year only 1M, and you have more shares out standing this year..but some how this lower earnings is good news ? -------------------------------- She is being hyped by all the major players..( now tell me they are not selling into this rally they have created ).. We will know soon enough as they have set a $130 target.. which considering the insanty of the market she could well exceed. ------------------------------------ If this tells us any thing it says earnings don't have to be as good as they did last year..if they will just stay around the same we can double last years stock price.. Also Stock prices should grow and out run the groth rate of a company by three or four times..all the old anal-cyst need to go back to school they have been undervaluing these stocks for years.. there is nothing wrong with this market it's just the way we use to look at it was all wrong. ------------------------------------------ We can use that same line after it falls too..and likely will. <G> Jim The market showed a little strenth yesterday..but it was not really broad..IBM held the top part of the dow up all by itself.. HWP helped out the bottom part..the rally was mostly in techs, and drugs.. Jim