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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?


To: Patrice Gigahurtz who wrote (2514)9/12/1998 9:12:00 PM
From: John M Connolly  Read Replies (1) | Respond to of 4613
 
Hi Patrice: I still have the same number of shares in CBS as I did
in July - there has been no change in my holdings! Yes if I were to sell today they would be worth less - but i am not selling so it is immaterial. It is the difference in long term investing and short term trading - each has its own advantages and drawbacks.
BTW GE is down over 20% since its high on or about 17th July and that is the yardstick of well run companies - and they have just come out with a statement that 3rd qtr earings will be fine and they are still down. In this type of market there is a lot of follow the heard attitude and regarding CBS I do not see the concern.
John