Word: dowing
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...merger agreement falls apart. These dramatic wins and wipeouts have earned arbs a reputation as Wall Street's most daring investors. Says Daniel Tisch, an arb for Wall Street's Salomon Brothers: "You can't be 100% sane to sit here and, based on 20 words on the Dow Jones wire, risk $10 million to $15 million...
Despite the fallback late last week, the Dow is up 66 points, or 5.5%, so far in 1985. That is a stunning contrast to 1984, when the Dow dropped 47 points, or 3.7% for the whole year. Many Wall Streeters now believe that 1984 may have been only a temporary pause in a bull market that began in August...
Investment-minded home-computer buffs can also link their machines via telephone to information services like Dow Jones News/Retrieval or the Source, which provide stock quotations and financial news. With the help of such personal-computer programs as Winning on Wall Street and Market Analyst, investors can become financial analysts in their own dens. Among other things, these software packages allow users to chart the past performance of a particular stock and compare it with the records of shares in other companies or the market as a whole. Edward Gillott, co-owner of a New Jersey company called Anidata, which...
...continue? As always, Wall Street opinion is divided. Says Peter Furniss, a senior vice president at Shearson Lehman Bros.: "This is like a frat party. We're having fun now, but soon somebody is going to call the cops, and the party will be over." Furniss predicts that the Dow may retreat to 1245 before making another bullish move. Richard McCabe, market- analysis manager for Merrill Lynch, disagrees, forecasting that the Dow will hit 1300 this month. McCabe believes that several stock groups are still bargains. Among them: companies in the paper, chemical and aluminum industries...
William LeFevre, a vice president of Purcell, Graham, thinks that the Dow may crack 1400 before the bull market is over. "As for the time frame," he says, "we'll cop a plea, using that old bromide of successful Wall Streeters: 'If you're going to give them a date, don't give them a number, but if you're going to give them a number, don't give them a date...