Tabell’s Market Letter – May 09, 1968

Tabell’s Market Letter – May 09, 1968

Tabell's Market Letter - May 09, 1968
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—- Walston &Co. Inc ————.'1 I Members New York Stock Exchange and Other Principal Stock and Commodity Exchange. OVER 100 OFFICES COAST TO COAST ND OVERSEAS TABEll'S RECOMMENDED LIST May 9, 1968 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. Close Alum.Co.Amer.713/4 Amerada 82 1/2 Amer. T & T 495/8 Borden Co 31 3/4 Caterpillar T 407/8 Colgate Palm. 451/2 Cont'l Ins. 82 1/2 Cont'IOil 65 1/8 Del Monte 31 Fed.Dept. S. 81 1/8 Goodyear T 53 1/2 QUALITY & LONG TERM GROWTH Qual- Upside Sup- Close B 72-66 Gulf Oil 77 A 110 A 80-76 Intern'l Paper 31 1/4 46-44 Kellogg Co. ' 43 1/4 A 60 30-28 Lorillard 48 1/8 A 59-68 40-37 Nat'l Cash R 1393/4 A- 52 41-38 Nat' Dairy 41 7/8 108 80 Parke Davis 301/4 A 86-130 64-62 Phillips Pete 573/4 A 60 30 Radio Corp. 53 A 90-124 74-68 Reynolds Tob. 42 1/2 A 82 44-42 Royal Dutch 48 3/8 Qual- Upside Sup- –p;– 78-92 73-67 A- 28-26 A 63-82 40-36 A- 98 48-44 A 150-190 130-120 A 66-72 38 A 50 26 A 86-120 56-48 A- 76-98 50-46 A 74-124 38 A 53-79 43-38 PRICE APPRECIATION Adams Millis 26 1/8 B 37 23 Gen'l Dynamics 55 1/4 – Air Reduction 30 5/8 A- 55-70 28-24 Gillette Co 57 1/2 A- Allegheny Lud. 62 A- 102 60-54 Great No. Paper 55 1/4 B Amer. Bakeries 275/8 B 44-59 27-24 Koppers Co. 36 1/4 B Amer.Machr203/8 B 36-56- 2ifg- McNell – 49- B Anchor Hock. 47 3/8 A 70-90 40 Medusa Port.C. 39 A- Arvin Ind. 32 3/8 B 46 30-27 Mesabi Trust 111/4- Bulova Watch 32 1/8 B 50-60 26 Olin Mathieson 357/8 B Burlington Ind. 45 1/2 B 76 43-37 Republic Steel 423/8 B Canada Dry 37 3/4 A- 44-60 35 Revlon 87 3/4 A- Chic. Mus. Inst. 30 B 65 Commonw'th Oil 23 1/4 – 46 23 Reynolds Met. 43 1/2 B 23-20 Reigel Paper 25 B Comsat 63 1/4 104 57-54 Robt.Controls 51 7/8 B Copperweld Steel 25 3/4 B 50-68 24-20 Schlumberger 94 5/8 A Dentist's Supply39 1/2 B 58 36 Seaboard C. L. 46 3/4 B Diners Club 53 1/4 B 57 40 Sharon Steel 38 3/4 B- Dresser Ind. 38 B 57 35 Squibb-Beech N 41 5/8 A Eagle Picher 26 B 30 23 Union Camp 40 5/8 B First Charter 31 48-58 28-24 Vornado 24 3/4 – 92 80-88 62-90 62 62 46 27 60-100 70-106 100 53-94 34-42 58 110 84-96 52-70 80 92 46 51-47 54 52-46 35 44–c– 30 12 35 38 74 41-39 22 41 74-68 44-40 34 36 36 25-20 SPECULATIVE PRICE APPRECIATION Allied Superirikts. 16 3/4 R- 33 Amer. Motors 11 3/4 B 30-35 Amer. Photocopy 18 B 36 Camp. Chib. 8 3/8 16 Chris-Craft 35 B 46-68 Electron. Spec. 33 1/2 B 72 Gibraltar Fin. 29 3/4 – 59 Home Oil A 24 3/4 B 34 16 11-9 14 8 32 27 28 24-22 Macke Vend. Microwave National Can Pacific Pete. Penn- Central Technicolor UMC Indust. Victoreen 21 1/8 30 1/2 43 18 1/2 76 27 1/8 21 3/4 14 5/8 B B B B BB B C 40 50 52 30 104 58 58 20-38 19 28-26 35 16-14 70 24-20 20-17 14-12 Anthony W. Tabell Walston & Co. Inc. This BulleUn IS pubhshed for your convenunee Rnd Informallon Hnd IS nol an offer to or R soliCitatIOn to buy any securities diSCussed. The Informallon was obtamed from sources we bchtve to 1M; reliable. but we do not gtlRrantt.'e Its accuracy. Walston & Co Inc Rnd Its officers. directors or employees may have an mterest an or purchase Rnd bell the referred to herem. WN-916

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