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To: Mohan Marette who wrote (117519)4/14/1999 4:09:00 PM
From: D.J.Smyth  Read Replies (2) | Respond to of 176387
 
They've got the "suck" principle on Dell again, i.e., "how many sucks can we market-maker-suck suck out before a market-maker-suck stops sucking?"



To: Mohan Marette who wrote (117519)4/14/1999 4:15:00 PM
From: SecularBull  Read Replies (1) | Respond to of 176387
 
>>''We will see willingness by investors to move away from the largest markets and the largest stocks,'' Cohen said.<<

This may be the most important thing that she said.

LoD



To: Mohan Marette who wrote (117519)4/14/1999 4:31:00 PM
From: Lee  Read Replies (3) | Respond to of 176387
 
Thanks Mohan,..Re:. Abby II- update still in progress

Thanks for the article about Abby's speech. She made a lot of sense, especially about valuation. She said people get tied up in the AVERAGE PE's and historically that was in the 14 to 15 area, but the range could be between 6 and 35.

Also, historically, low PE's corresponded with periods of high inflation and/or restrictive monetary policy, neither of which we have today.

I was also interested in the fact that the quality of earnings today is significantly better than in the past because of US strict accounting standards.

But that doesn't exactly explain why people were buying the likes of CAT, MMM, DD, AA today. Does this mean some inflation might be creeping back or that global recovery is further along than what is being reported?

Very interesting talk,

Lee