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Non-Tech : TCMS - Transcoastal Marine

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To: johny who wrote (80)4/28/1998 11:37:00 PM
From: Evan Dimmer  Read Replies (2) of 201
 
johny-

got out a while ago, barely making profit. actually, i have played with this one many times, just barely making out with a profit, tried to pick a bottom, but never did.

just recently got in again at 11.125, thinking, hoping, and now knowing that 10 or so will have been a very nice bottom. looking to hold some long term, but hopefully will unload most around 15, or in a week or two, whichever comes first. (hopefully 15!!)

tcms isn't the only one acting poorly. seems the market doesn't like BDI, another that came out around the same time. Sure, UFAB and FGII they like, so why not TCMS or BDI???? (nice report by FGII though, huh???)

a couple last questions for Robert:

1. not meaning to be picky, i am sure you were just estimating, but how could you bring your average down around 8, when the low is 8 13/16? did you like multiply your position by 10 or so. i mean, if you bought around 15, getting it to ten from buying at 9 or 8 would take an awful lot more shares.......

2. noticed that you sold 33% of your position a while ago, and then 25% more(?) what percent of your original position do you still hold if you don't mind me asking? is that how you lowered you AC so far, by doing FIFO, and keeping the last purchases?

thanks
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