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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5882)	1/26/1999 12:58:00 PM
From: Dan Meleney	Read Replies (2) of 78821

Paul, about UC and FLYT I haven't followed it but I'll look at UC. The stock that paid for SI was FLYT. I meant it went up 20 times the price of SI, not of what the stock price was. I bought at 5/8, before the 1:3 split. I put 7K in and it is worth about 12K now. Rounding that 5K gain down a bit and dividing by the $200 SI fee is the 20x. So I figured it was time to stop mooching and do my share. BTW, SI is switching from the flat fee to $60/6 months. In my DD on FLYT, I estimated I was getting 1 1/4 for my 5/8. Reverse split that's 3 3/4. Current price is about 3 1/4, but I'm concerned that they're about to throw money into black holes rather than give it back to us. I'm willing to lose the gain from any tax loss benefits that tehy might realize with the right acquisition. I'm selling 1/3 today. I'll probably sell the rest over the next few weeks. If only we could find lots of ugly no-brainers like the buy FLYT was. Perhaps watching for "going out of business" signs from recent IPOs would work. I wonder if there are a fair number that realize their technology won't work and they stop their R&D before the cash runs out. Dan

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