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To: r.edwards who wrote (50357)9/3/1999 10:51:00 AM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
MEXP ! - ''Can you take the truth'' ? ....

1. I owned no shares going into yesterday
2. I did not sell any shares yesterday
3. I did not short any shares yesterday
4. I have never shorted a share of MEXP in my life and I certainly am not going to do so today
5. I am buying MEXP strongly TODAY - as we speak; re-establishing a long position. I will average in here - and it will be in a trading mode; I will be willing to sell, or to continue to buy - based upon what the market does.

''My'' personal follow up - has determined in ''my'' personal opinion; that nothing has changed; MEXP is a screaming buy here; I believe ''fair value'' in my ''opinion'' is $4 today - and I still say; MEXP goes to $4 by XMAS (your choice to sell, buy more, or hold) and will run to $6 with in 2 quarters of reporting... ie: $6 within weeks of the reporting of Q4.

I STILL; ABSOLUTELY stand by my call of - selling yesterday; based on common sense & a strong sense of survivalism.... ie: the desire to preserve capital. There was no news, or info available from ANYONE during the freefall yesterday - to stand there and just watch the stock in freefall was suicidal imho; and to buy directly into that freefall would have been pure ''gambling'' - as there was no way of knowing what was going on... selling- stepping aside was the ONLY prudent move imho. - keyword: in my humble - ''OPINION''.

With a technical collapse, on no news, on triple volume; someone would have to convince me very strongly not to sell & step aside untill the smoke clears... and that someone would have to be the market itself - if the tape showed a reversal, or support technically - it did not; or the company; or an analyst - similar to what the CEO's of XTO & EEE have done of late - for example. Or what the analyst did for Qualcom yesterday - after another analyst downgraded - he issued a PR and pounded the table for a strong buy...

My comments were on trading; selling yesterday was a prudent move - buying today; as the smoke "HAS" cleared - is equally as prudent.If you are not willing to sell - to take a small loss; using that trade as ''insurance'' against a total freefall - then you shouldn't be trading... because your life expectancy is not too good.

This runs through $3 and very shortly - in my ''opinion.''

I now own MEXP - long and I have limit buys in place and I am a STRONG BUYER as we speak.

*** This is NOT investment advice; this is my personal opinion and the only damn reason I posted it - is because my F#)$*@)&! ''private mail'' box - is looking like the Publisher Clearing House's...

YOU do what YOU think YOU need to do; fwiw - I am buying.

PS - obviously; the weakhanded sellers are gone (VBG) !