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To: SliderOnTheBlack who wrote (51448)	9/20/1999 10:25:00 AM
From: IndioBlues	Read Replies (1) \| Respond to of 95453

Tirades? Emotional investing? C'mon Slider... this FGI discussion is one of the best we've had on this thread. Eaasssy big fella... <vbg>

To: SliderOnTheBlack who wrote (51448)	9/20/1999 12:55:00 PM
From: double-plus-good	Read Replies (2) \| Respond to of 95453

slider, your analysis of FGI's dilemma has made for compelling reading, but it appears to me now that your use of flames and insults is simply rah-rahing your short. Truly I hope your trade goes well, and I must class myself with the folks that consider your effect on the market nil to negligible. But I will answer your general contentions with my own trading philosophy on this one. I went long on FGI when it based at 14 for a small initial amount. Following the merger announcement I have averaged into HLX three times. But I am not interested in selling my FGI and will add to it at ridiculous valuations. 8.50 constitutes the ridiculous in my book and these are the basic reasons why: FGI commands a premium to its "peers" because in the past cycle it has been peerless. Margins are higher historically and JL has been one shrewd operator. Even at the increased ratio of HLX shares the deal was a real coup in my book and it will go through in all likelihood. It has been dead money now for a while but every added short adds to the upside. I am willing to wait to subsatantially increase my position. The only risk I face is in not guaging the bottom correctly and I am trying not to let your histrionic analysis cloud my trading screen. Good companies demand premiums and generally don't trade below book. JL has positioned the company well at every turn, and your claims to have an inside angle on the street's opinion aside, I think there remain a large group of professionals who are eyeing up this opportunity keenly. I know I am. Good luck by the by; we'll probably end up on the same side of the fence before too long. ++good