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To: SliderOnTheBlack who wrote (55993)	12/3/1999 3:45:00 PM
From: JHR	Respond to of 95453

O/T Is Etrade down. Anybody having trouble geeting to them?

To: SliderOnTheBlack who wrote (55993)	12/3/1999 4:00:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

At the moment I can't come up with an example that clearly illustrates my point, so for the moment I will admit that I may be all wet. As for your comments about small cap vs large, we will see which happens first: RRC increases 33% to $4, NBL increases 33% to $28, or MEXP increases 33% to $1 5/8 regarding TMR, the only thing I learned about it is that the ANALysts are absolute idiots. I still hold a snotload of it in my Roth.

To: SliderOnTheBlack who wrote (55993)	12/3/1999 4:29:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

You are right - I am quite embarrassed by the stupid mistake on my part. Checked the spreadsheet and discovered that I divide stock price by total cubic feet per share. That is the number I have been quoting. Don't know what I was thinking when I made that comment about outstanding shares. That's a different part of the spreadsheet. Also found I accidentally entered APC stock price into APA row this morning. I wouldn't touch either one of them (APA = .0335, APC = .0578)

To: SliderOnTheBlack who wrote (55993)	12/3/1999 6:36:00 PM
From: dfloydr	Respond to of 95453

Slider, << Didn't you notice that MEXP had to rearrange its payment schedule to the BOM... >> I hope you were note referring to my post on that company. That "rearrangement" was made as part of their original negotiation, not as a a subsequent amendment. I cited that as indicative of a decent relationship between the company and their bank at the time they were working out their deal.

To: SliderOnTheBlack who wrote (55993)	12/3/1999 10:04:00 PM
From: double-plus-good	Read Replies (2) \| Respond to of 95453

Slider, I won't dispute the rationale behind your picks, but PV-10 and NAV are also strongly considered in market determined multiples and share prices. Why else would APC trade at what appears to be an overvalued range based on cfps? Regarding your decision to stick with the large caps, I felt the same way about 4 weeks ago, as we entered the range of the ridiculous with valuations. But what you haven't factored in is the degree to which investors are cashing out tax losses in the small caps. Really in devil may care fashion these stocks are being thrown off the cliff: folks who are ringing the register with yahoo and jdsu or whatever need to take their losses wherever they can find them. Savvy traders are likely riding shorts down on these small and mid-caps making a powerful january effect in these stocks very likely IMO. I think the percentage return on the small caps is likely to beat the big caps, especially if one waits for the big block tax loss sales that we saw in MEXP and pgei this week. Wait for the shares to come to you. There are still alot of folks who are going to take the write-off that these shares offer, especially as there are few crazy enough to think they can hold their gains on the insane tech stocks into the next year. On every other score we are in agreement; the recent activity in the market has presented an unbelievable contradiction. Boom 200 is starting to look like real dynamite. ++good p.s. just noted your lengthy discussion of valuation metrics: obviously there are a great many means to measure these stocks, but the bottom line is they are being given away. perhaps all the more so for the small-caps as they get thrown off the cliff. opportunistic limit orders on the small caps very well may pay off more handsomely -- and that is my basic contention.