Tabell’s Market Letter – September 21, 1966

Tabell’s Market Letter – September 21, 1966

Tabell's Market Letter - September 21, 1966
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Walston &- Co. Inc UNDERWRitERS MUNICIPAL BONDS MUTUAL FUNDS Members New York Stock Excha nge and Other Principal Stock and Commodity Exchange. OFfiCES COAST TO COAST AND OVERSEAS TABELL'S RECOMMENDED LIST September 21, 1966 This edition of our Recommended List gives long term technical upside objectives, plus indicated support levels or shorter term downside objectives. In all cases we believe the stock would be attractive for purchase at the levels given in the support column. An asterisk in the Upside Objective column indicates that either the objective is unclear, or that the stock has not yet broken out of its base formation. — . . – -T -. Close Qual9/20/66 – Upside SupObj TERM GROWTH c. .- Close Qual- 9/20/66 Alum.Co.Amer. 71 3/4 Amer. Can 491/4 Amer. T & T 51 3/8 Goodyear Tire 49 1/2 Gulf Oil 54 1/2 B B A A A 110-190 68 80 45 46 82 45-43 92 50-45 Inter.Paper 257/8 A- Nat'l Cash 68 A Parke Davis 26 5/8 A Reynolds Tob. 35 3/4 A Royal Dutch 34 1/8 A – '0 — Upside Sup- Obj. port – 65 -78 26 88 32 PRICE APPRECIA TI ON Close Qual- Upside Sup- 9/20/66 ..!!L. Obj. port Close Qual- Upside Sup- 9/20/66 Obj. port Air Reduction Amer.Potash – Bell & Howell Clevite Corp. Copperweld S Crowell ColI. 57 3/4 31 3/8 42 1/2 41 1/4 24 3/4 483/4 A- 110 B 60 A- 60 B– B B B 64 52 28 38 40-38 22-20 45 McDermott, J. 68 B Mesabi Tr. 12 3/4 – Metro-Gold.M. 27 1/4 – , Olin-Math. – Revlon 39 1/4 A- Reynolds Met. 46 B Riegel Paper 17 3/4 B 104 38 1-30 94-104 34 60 – 25 -4 38 38 17-16 Denver, Rio G 17 7/8 Disney, Walt 47 3/4 Eaton-Yale T 25 1/4 EI Paso N. G. 18 Ex-Cell-O 43 3/4 Genl Dynamics 44 Gillette 35 Illinois Central 66 5/8 Koppers Co 243/4 B B B B A – A- B B 44 100 39 90 80 114 62 17 40 – 40 – 30 58 22 Robt. Controls 28 1/4 B Schlumberger 44 1/4 A Sharon Steel 30 B- Shell Oil 60 1/8 A Signode Corp. 31 3/4 A- Southern Rwy 43 3/4 B Sundstrand 48 1/2 B Union Camp 41 3/8 B United Fruit 31 7/8 B Wallace & Tier. 36 1/2 A- 59 74 e) 75-120 50 108 70 92 44-70 64 26-25 42 26 55-50 30-28 – 42 40-38 , 30 '30 Amer.Bosch Camp. Chib. Chris-Craft Microwave SPEC U'…ATIVE PRICE .APPRECIATION Close Qual-. 9/20/66 20 5 3/4 17 14 1/2 1 (1 , – B- B Sup Obj. port -''''19 18 5 46 15 40 12 . — National Can Pacific Pete. UMC Indus. Varian Assoc. Vulcan Mater. Close Qual '9/20/66 ity 21 5/8 9 5/8 13 1/2 35 17 3/S B B- B B B Upside – Obj. 52 46 54 28 Support 18 – 13-12 – 15 – This Bulletm IS pubhshed for your eonvcnll'nce Rnd mformatlOn nnd IS not. nn offer to sell or II. soliCItatIOn to bu' any st.'cuntle5 dIscussed The mfonnnlum was obtained from sources we bdu.'ve to he lehnble, but we do not guarllntec Its accuracy Wa.lston & Co., Inc. and Its officers, directors or employees may have an Interest In or purchase Rnl' !leU the SI..'euntles referlcd to herem WM-916 -.

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