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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (9545)	12/13/1999 12:00:00 PM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18928

Hi Dave, thanks for your interesting posts. "fair value" 25.5 * $1.52 = $38.76 "cheap" = $27.86 Just to clarify so that I understand a little better: "cheap" = "fair value" divided by 1.40 "expensive" = "fair value" times 1.40 Is this correct? Currently trading with a price near $54, NITE would fall into my overvalued area and be liable for pruning when and if the stock stops rising. When you say pruning, what do you mean? Do you bail out completely, or do you reduce exposure, and if so, by how much? Thanks, Jack

To: JZGalt who wrote (9545)	12/13/1999 3:18:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Dave, Thanks for the NITE time story. :-) Growth rates change as do lots of other measurables. If the company is still healthy and on track for the long term I guess that's what counts. Veale Intl. Equity Warehouse turned in another record month in November. December is looking pretty good so far as well. Overall my Cash Reserves are as high as they've been in dollars and percentage in a very long time. If the market holds together for another few weeks, 1999 will go down as one of my better years. Guess we need a correction to get me back to near fully invested! :-) Here's what it looks like as of Nov. 30th: execpc.com Best regards, Tom