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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (1083)	5/15/1999 8:10:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

<<when people come to the conclusion that perhaps interest rates are going to change or sales may slow, retail stocks tend to get hit, probably industrywide>> He is absolutely right. And Barron's is correct in pointing out that the multiple is high. That doesn't want to make me sell all of my Costco. But I have been buying some puts!!! Over the long term my opinion has not changed one bit - Costco is going much higher. In the short to intermediate term I think there is going to be rough sledding, particularly if interest rates nudge up and inflation percolates.