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Biotech / Medical : Trinity Biotech (TRIBY)
TRIB 0.879+3.4%Nov 14 9:30 AM EST

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To: AgAuUSA who wrote (9412)6/2/1998 3:56:00 PM
From: Bill Ounce  Read Replies (1) of 14328
 
re: thoughts on sitting on probable dead money for months, years

>>>
One more time: Buy value and HOLD!!!

I would be happy to see the market close here for a few years. Would you??
<<<

With today's market valuations, TRIBY looks to be under-valued. But the market is at record valuation, so 3 years kinda scares me. A couple of nasty trigger events should be be here in around 6 months.

(1) East Asia, and now South Asia is a big mess. Round 3 of the Asian melt-down (we're in the 2nd round now) could potentially crash our markets. Specifically, this would be the derivative fallout to our major banks and brokerage houses. Potentially like what happened to Orange County CA when Mexico had problems, only on a much larger scale.

(2) Public acknowledgement of serious Y2K problems in things like the FAA Air Traffic Control System could also potentially crash our markets. Watch the GAO for this statement.

Actually, I would be very happy to see the market close here in a few years, but for very different reasons.

Go TRIBY.
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