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Which way's up?(includes related article)(experts believe North Carolina companies' stocks are improving)(Cover Story)
Business North Carolina, January, 1999 by McMillan, Alex Frew
While the market keeps changing direction, our experts point out some Tar Heel stocks headed the right way.
This time last year, even after some shudders, the stock market seemed to know only one direction. That had made easy pickings for stock jockeys the previous three years. They couldn't miss, it seemed.
But giving investment advice got a lot tougher this year, as BUSINESS NORTH CAROLINA'S stock-picking panelists found out, scrambling for a 5.9% gain on the selections they made for '98. That average was well below last year's 17.6%. "You should title this one, 'Oops,'" says John Lynch, a new panelist this year and director of investment research for Interstate/Johnson Lane Inc.
In mid-October, when the picks for '99 came in, words were...
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