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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP? -- Ignore unavailable to you. Want to Upgrade?

To: Brian Malloy who wrote (1079)	6/3/1998 12:22:00 AM
From: John O'Neill	Read Replies (2) \| Respond to of 1462

Brian.. Well so far I'm stuck 11/16 on my short of KO. I don't see a lot of homework which needed to be done. Coke's dividend at 0.8 % is not safe haven stuff to me. The current P/E is WAY above it's annual growth rate. I think it's a good short hedge. I'm long my other stocks, and KO shouldn't have too much upside potential. On the other hand, it could easily correct to to $60-62 area. I also see some antitrust action..I know Coke is not willing to supply some who carry Pepsi..that's un-American and besides Pepsi tastes better. The "trigger" was still just a gut feeling. JO

To: Brian Malloy who wrote (1079)	6/3/1998 9:05:00 AM
From: John O'Neill	Read Replies (1) \| Respond to of 1462

Brian..I appreciate your reply to my post on Coke. I'll check out their website. I'm not bearish on KO for the long term, but I do see a correction in the blue chips coming. It's possible there will be a "ralley" in the tech stocks causing a temporary flow of money from "safe haven" stocks like GE, PG & KO back into that area. After this, a general correction could bring the Dow down 15% or so. I would not be surprised to see an excellent annual report with a lot of potential for Coke. That's, no doubt, why it's selling for $80/shr. At some point I expect the small/mid cap stocks to outperform the Dow. The rest of my portfolio is long in this arena. Good investing to all... JO