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Strategies & Market Trends : Waiting for the big Kahuna

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To: wanmore who wrote (44336)11/2/1999 6:11:00 PM
From: pater tenebrarum  Read Replies (1) of 94695
 
wanmore, i recently bought some steel stocks in the erroneous belief that since they were trading at 1/3 of book, or less than their net cash reserves plus the scrap value of their assets they could not possibly go down much more. a costly mistake so far...not even the fact that they were recently raising prices could get the stocks moving. i know steel is not very exciting, but this is ridiculous.

regards,

hb
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