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from Ed Hessler: I also bought a $100 stock (WLA at $101, on 5/13/97). It
has done very nicely, although it had recently received permission from the
FDA to sell 2 new products.
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> From: Harley Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
> To: metastock-list@xxxxxxxxxxxxx
> Subject: $100 stocks
> Date: Sunday, July 20, 1997 2:45 PM
>
> Hello group,
>
> I am sure that a few of you may of heard on CNBC about the $100 stocks
and
> mutual funds but I thought I would pass this along.
>
> For some time now I had noticed that once stocks approached $100 they all
took
> off and went high. Then a friend of mine told me he heard someone on CNBC
talk
> about fund managers who have too much money to spend and can't put that
money
> into less expensive stocks because it would drive the price up too high
too
> fast.
>
> One thing I noticed was that if there were reasonable expectations of
good
> earnings then the stock would move higher when in the $100 dollar range.
TXN is
> a very recent example.
>
>
> Harley Meyer
> meyer093@xxxxxxxxxx
>
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