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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?

To: Steve Antonelli who wrote (800)	8/18/1998 5:54:00 PM
From: Paul Shread	Respond to of 1999

It sure is hard. Actually, what interested me about PFE and MRK was not all that stuff you hear about the aging of the baby boomers -- although that is a pretty good argument -- but that recent study by Wharton's Jeremy Siegel about how the nifty fifty fared from 1972 to the present. Of the top ten stocks out of that crowd, I think half were drug stocks. The list was topped by Pfizer at 19% a year since 1972. MRK, BMY, Squibb, JNJ were all in the top 10, and all beat the S&P over the next 25 years. And while past performance blah blah blah, that led me to believe that drugs might be a good bet to consistently beat the market over time. And we all know what an extra 1-2% does compounded over 25 years.

To: Steve Antonelli who wrote (800)	8/18/1998 6:05:00 PM
From: Paul Shread	Respond to of 1999

The latest from Gene Peroni, the best of the technical analysts (IMHO) and one of the best stock pickers of the last 10 years (again IMHO): janneys.com

To: Steve Antonelli who wrote (800)	8/19/1998 11:38:00 AM
From: Paul Shread	Read Replies (1) \| Respond to of 1999

Boy, if this is a sucker's rally this sure is how it would play out, wouldn't it? Let's see how we close today. High-volume churning not a great sign. In the funny CLST news department, someone over there was cheering the fact that the company President had bought 5,000 shares at 11 3/8. That's putting your money where your mouth is.