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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Dragon 1 who wrote (20123)	9/7/1998 6:18:00 PM
From: JEB	Respond to of 50167

Be careful on PRD, there have been take over rumors that can come back and bite you unexpectedly. Anyway, it's all academic for (maybe) all of tomorrow since it should rally. I like CMGI as a long for tomorrow. EK has been too top heavy for too long! I've watched large blocks trade on the bid for over a month. It appears to me that the funds are backing out of that stock gracefully while propping it up. It's only a matter of time before they (dump) sell the remaining holdings and short the stock. Remember, money managers make money on both sides. They will be the one's to initialize the fall and they'll be making money all the way down. EK's 3rd quarter earnings will be less than last quarter earnings. They had such an impressive earnings because of a one time sale of their holdings of Gretag Imaging. Since this last quarter they have been buying again. They've also gone on record as saying their newest acquisition will be earnings neutral for over a year...ouch! I guess they can either lay off people or sell something else to boost earnings again. Good Trading Xia Qiu, JEB