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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: denekin who wrote (1379)	7/30/1998 11:04:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 3627

My thoughts on the current stock price: Most of us are used to CD going up and then going down, with a strong downward bias. Many of us, as the stock rises, will be concerned about losing our profits. After all, we've been conditioned recently to expect that by the price action for the last months. Now, however, the story is changing to a more positive nature, and the price is still low relative to the market. I think CD could easily trade $25 based on the average S&P PE. And CD is not an average stock, with its past growth rate, nor with its future expected growth rate. With this in mind, I am trying not to make sure I get too trigger happy to sell. Sure, we will experience some down days of a point and a half or so as some funds and smaller day traders decide to sell out (which is fine, of course). However, to take all the grief of this fall, only to sell out just before it takes off would be shame, assuming CD ever does become fashionable again. Again, intra-day swings of 1 pt or so are historically normal for CD. I'm trying not to get too skittish. I doubt it will reach the $ 15's again, and the overall trend, minus those 1.5 pt swings here and there, should be upward (given a normal market). Of course, these are just my thougts. One should consult his/her qualitifed financial advisor before doing anything. I am not a financial advisor. May CD prosper ! CD: $ 17.94b $ 18.00 VALUESPEC