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Gold/Mining/Energy : UFAB - oil drilling deck fabrication

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To: RealMuLan who wrote (75)	9/29/1997 7:55:00 PM
From: JOHN CHEN	of 337

Yiwu- you're too greedy and margin yourself up to the limit. This is not the way to play the market. It is too dangerous. I rarely use margin; I use my own money to make money. This way, I don't have to worry about margin call and I still can make a lot of money by just being a smart player. Season todate, I am up more than any mutual fund managers out there three times over. This is one reason why I can afford to wait for any stock to come back. I have a good track record-all you have to do is see my other threads. I have had great winners and lead others to them such as PWAV ( first bought at $10.25 )and APEX ( between $7 and $9.25 ). I flopped once this year only on ACCL but I managed to make money becaused I believed in what I bought. When the big news came out a month ago, I sold all my positions and ended up making money instead of losing money. I also called that WDC to miss earning weeks ago on PROX thread-well, I am right. WDC just annouced earning short fall. I also called QNTM to miss earning-well, it will happen! Let's wait! Now back to UFAB. Every indication is that UFAB will be a winner. You must know that stocks do trade sideways for a while after IPO. Remember YURI? NMGC? PWAV? ADIC? APEX? I can name a dozen! Being a patient investor, you will always get your reward. And I would not have bought the stock if I did not think UFAB is a winner with strong fundementals and high growth potentials. You're looking at a company which I estimate will earn $1.50 this year, $1.90 next year and $2.25 the year after and I am being consevrative on my numbers. I do my own research and go to see my estimate on PWAV from the every beginning of the thread and you will know that my estimates are right on target and better than those anaylsts out there. My advice is for those who hold UFAB on a non-margin or low margin basis. I don't have any advice for investors like you who margin your stocks heavily. My best wishes to you and hope that you're successful.

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