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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Rick_Barry who wrote (2244)	5/2/1999 7:14:00 AM
From: larry larsen	Read Replies (1) \| Respond to of 3764

In regard to the downturn, old news. Some (including myself) believe that we couldn't make money selling lots of airplanes below cost so maybe we can make money selling fewer airplanes at a profit. In regard to the price action of the stock, that may explain, in part, the resistance we are seeing whenever BA rallies intraday just to fall back by the close. As one who over extended his position in BA last December and again in March, I'm taking some profits off the table myself - sort of a modified AIM approach to playing the stock. It's working so far. The approach will continue to work so long as the price doesn't go in the tank. Besides, you can go broke following the advice of analysts. I would prefer to look at price to cash flow and total evaluation. So long as they're showing improvement in the balance sheet (hiring Hopkins was the best move they've made in a long time) we should be able to make money. Also, don't forget about the stock buyback program. These analysts were burned badly sticking with Boeing on the way down. Those who can lick their wounds and get on with it will be the ones to listen to - if you insist on listening to analysts in the first place ;)