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To: MonsieurGonzo who wrote (3459)8/16/1998 3:06:00 AM
From: smolejv@gmx.net  Respond to of 11051
 
>>There is a EuroTop-100<<

minor point:this index has been hatched in UK, and is easily accessible from US as far as I understand.OTH note that London is losing fast(*) its financial clout and importance within Euroland. Their LIFFE volumes (futures market, bunds, dollars, you name it) dropped to levels, that normally get "crash" tags.

Keep in mind, UK does not even belong to the first round of states in the monetary union. So look for Eurexx references, they make more sense - not that of course TOP-100 and Eurex would not correlate. Maybe eventually London will turn out to be the doors for our quiet americans to bring in their family jewels to euroland.

Warm welcome to e'body in e'land!

DJ

*: there's been signs of refreshing readiness to accomodate and to show flexibility lately from LIFFE. Still, Frankfurt won a lot from London in the last 15 months.



To: MonsieurGonzo who wrote (3459)8/16/1998 3:17:00 AM
From: Berney  Read Replies (1) | Respond to of 11051
 
Steve, I very, very respectfully disagree!

I believe the buying decision is much more important than the selling decision. If you Buy Right, you will make money!

My favorite example is WMT. If you bought WMT on 12/31/92 at $32, it took you until 6/97 to even break even -- 4 1/2 years. In the meantime, the performance of WMT was exceptional. In fact, it was one of only 20% of the S&P that annually increased its EPS.

WMT did everything that could be expected of a company in this great land of ours. Yet, investors were in negative territory for a long time. So much for the efficient market theory.

Periodically, investors go bonkers on a stock. I look at the "internuts" and LU, and possibly even CSCO, that way at this time. It will take years for the future to catch up with present valuations. However, this view is probably my "accountant's" mentality curse.

BWDIK and all other disclaimers.

Berney