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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Al Cano who wrote (578)	4/19/1999 9:22:00 PM
From: P.M.Freedman	Respond to of 1169

Will HD go up to $70 shortly? No! Why? It's simple. The valuation of the company based on its earnings and growth in next two years. The newly hired IKEA guy need to show the Street how to put HD on the international track and how much $$$ he needs to do so. Some fund managers may still keep lift the prices of HD for awhile so as to unload their positions. However, they may find it will become very difficult to do so because the money will flow to other value players in the markets.