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Non-Tech : Simula (SMU)

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To: Noblesse Oblige who wrote (822)	12/11/1997 8:20:00 AM
From: Francois H. Gaston	Read Replies (1) of 1671

Hi Wally and Noblesse: I could not agree with you more. I just posted that "Value" to trigger a discussion and make Wally that much more depressed (just kidding!). I still have all my SMU shares and got one more friend to jump in SMU. Deep pessimism is good because that should jolt SMU price share back into some action. I think we need a good panic selloff to shake out the soft hands. I am also very familiar with tax selling/fund distribution action at the end of the year. These are great time for more (careful) buying opportunities. I believe that, last year, all Fidelity Select Funds distributed on 12/15/96 and that the very next day, the stock market recovered. Today is somewhat a different story because of Asia.... but remember that last year, pessimism was great about the coming 1997. I think that SMU will dip today and Friday and that the real low will be in today or Friday and that some recovery will occur Monday. May be this forecasting of things to come is just wishful thinking. I am not concerned personally with SMU long term. I believe that SMU is still an "A" rated stock by Red Chips Review despite some earning projections changes that they made (I will recheck on that today, to see if they have somthing new, which I doubt). Looking good to me. Especially because one glass of bubbly or claret daily continues to be a good thing! (As long as one is over 40 y.o.) Francois PS: I wish I could buy or lease one of those BMW ... Oh! Well!... I am trying to invest for my kids college payments (the first going to college in 1 1/2 year). In five years I might be able to afford a cheap Hyundai (very cheap with this South Korean currency devaluation).... BUT... equipped with at least 10 ITS! Thank God!

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