FAMILY GOLF CENTERS (FGCI)-Expensive!! Message Board

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Strategies & Market Trends : FAMILY GOLF CENTERS (FGCI)-Expensive!!

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To: DENNIS TULLY who wrote (62)	2/16/1999 1:33:00 PM
From: Marty Rubin	Read Replies (1) of 87

in at $7.5. Reasons: (1) Book Value (mrq) $11.15 (it's a real estate co. so book is relevant); (2) Shares Short as of Jan 8, 1999 5.60M (high for the 12.4M float); (3) stock trading at 52-wk low. in most cases 52-wk lows are a bad buy but i think this is exceptional. i think it will bounce tomorrow or by the end of the week. lots of mutual fund selling which should explain the sharp drop (on bad news). i don't think this kind of drop makes sense and, therefore, i got in for a short term play (till senses kick in). also, after the major selling mm have a load of shares and will try to work the stock up. fgci: 7 5/16-7/16 @13:33:55 biz.yahoo.com

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