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

To: Benkea who wrote (1617)	8/18/1998 2:15:00 PM
From: Apakhabar	Read Replies (1) \| Respond to of 3627

Benkea: You've almost got it right. I also said, "Conversely, when the S&P goes into the toilet like it did last week, money flows into Cendant..." We agree that CD is not in step with the S&P. But to say Cendant went up 20% is somewhat misleading, since in order to go up 20% it had to reach a new low first. However, you are correct if what you meant was, "Cendant ran up 20% from where that bearish SOB Apakhabar bought it at 13 7/8." Don't be alarmed that the ABI deal is going to put a lid on the price of CD for a little while. From here, I finally agree with all you bulls on this board, the downside is not imposing. A couple of months of consolidation between 15-20 will only help the stock when it finally breaks out. The funds won't be afraid of it by then. Think of all the time Ascend spent around $25 share from November to February, and look where it is now.