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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP? -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (1282)10/9/1998 12:22:00 PM
From: Sonny  Read Replies (1) | Respond to of 1462
 
Paul: one day will soon come when KO will crash and burn. I'm not getting that much irritated :-), rather enjoying the gullibility mentioned in the worse-fools' theory ... how they suck-up to the mass-hysteria and jump in the well (i.e. suckers' rally from 53 to 63). This is the exact modern day equivalent of the Tulip Mania! I hope everyone learns from the history, else ... be doomed to repeat it. The facts are straight out in the open; but, folks are ignoring it currently, temporarily. This is a classic definition of mania, and its topping out, imho.

Yahoo KO post 9263 summarises it:

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messages.yahoo.com@m2.yahoo.com
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Sonny.



To: Paul Shread who wrote (1282)10/9/1998 12:28:00 PM
From: Dulane U. Ponder  Read Replies (2) | Respond to of 1462
 
I could be wrong, Paul, but I believe that KO has never missed a quarter since it went public. If anyone on the thread can confirm or counter that, please respond. I've owned a large position in coke for many years, including the bear market of the seventies. The company has remained stable through many changes in the economic environment and has always been a mainstay of many professional and individual portfolios. It has been viewed (rightly or otherwise) as a port in a storm, a sacred cow, an American icon. I think the fall of coke would truly presage a dangerous twist in our economic future. dp



To: Paul Shread who wrote (1282)11/15/1998 9:20:00 PM
From: John O'Neill  Respond to of 1462
 
<<Any particular reason KO is still overvalued by 100%? >>
Overvalued stocks often become more overvalued. It's interesting that KO dropped more abruptly than other nifty fifty stocks but hasn't recovered as well. PG, for example, dropped like a rock, but is right back up there. Maybe the fact that Buffet was using KO for "currency" to buy General Re might be involved in KO's price action.
Buffet was, in effect, selling KO to make his acquisition instead of his usual style of using cash. He KNEW it was overvalued and chose that path..clever guy.

I'm looking for a price to short KO for a short term gain, but haven't been able to psyche out this market for timing.....

Ideas? anyone