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To: drsvelte who wrote (4965)11/2/1998 1:35:00 PM
From: The Ox  Read Replies (1) | Respond to of 14427
 
From now on I will start to do the opposite of what logic dictates. GD up again today. This stock is now trading well over a 20 PE for a company that has a eps growth rate in the range of 9. Tack on a yield of 1.5%. Latest news is that the congress won't budget the extra $5 or 6 billion that the defense department believes is necessary to maintain our edge. And the stock just keeps on soaring.

I guess I should know better.....don't fight the trend......



To: drsvelte who wrote (4965)11/2/1998 4:23:00 PM
From: drsvelte  Read Replies (2) | Respond to of 14427
 
Just another rational day in the market. YHOO up 14, now equivalent to 280 pre-split. Yipes!