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Strategies & Market Trends : Value Investing

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To: David who wrote (7796)	7/20/1999 7:33:00 AM
From: Wallace Rivers	Read Replies (2) of 78467

Well, GIBG blew up today, and I breathed a sigh of relief that I had the good sense to trade it for a nice short term gain in May - they should all work out that well!! Posted my sell via PM to the only one on the thread who, it appeared to me, was foolish enough to have interest! <vbg> They made a pre-announcement of a huge loss, much larger than anticipated, which doesn't bode well for the company's business position. Nonetheless, Mr. Lebow still has a substantial position as far as a I know, and the man at the Turnaround Letter put it on his radar screen in the spring. I am again looking at this falling knife, but with a great deal of caution. Comments anyone?

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