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

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

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To: Marty Rubin who wrote (73)	2/17/1999 7:31:00 PM
From: Paul A	Read Replies (1) of 87

im still holding! I averaged down at 6 11/16 when I saw it did a bottom 'thing' but decided to take that profit at 7, and wait to see what tomorrow brings. Im still holding my original position from 7 5/8 and will wait for $6 to make a decision to either be stopped out of keep adding and start a large position. Todays close was actually rather good considering what happened with the market today.. Once the sellers are done, we should stabilize and I think $7 1/2- 8 1/2 is a much more realistic place to 'hide' for now, and ill be really surprised to see us drop below 6.. Although, if it DOES tank below $6 ill probably make an exit with it as well since at that point, someone knows something we dont and id rather not find out in a few weeks.. I still maintain that this thing is so over done it isnt funny.. There is value here. Hell, DELL in my opinion could easily afford to be trading at $20.00 a share and still be overvalued (pre split im talking!).. obviously there is a reason DELL has such a premium, but lets be realistic... FGCI is getting crucified here, and $7 is ridiculous if we all have this thing focused correctly!

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