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To: SliderOnTheBlack who wrote (65021)	4/19/2000 7:43:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Risk does matter Slider, I couldn't agree more. The shallow guys may soar and MDR may languish for now but I just think in the long run the higher risk is with the higher valuations. I would rather be patient than try to out-guess the market. I mean does MDR even without B&W really deserve to sell at a small fraction of the value of much smaller companies? Gosh, the two non-JRM/non-B&W divisions have $1B sales and $1.6B backlog. With B&W net assets carried on MDR books as an investment while B&W is under court protection, the value of MDR cash and investments could be well in excess of market cap. I guess we will find out next week. I'am playing it with long stock and lots of short puts, all 10's in May/Aug/Nov. My breakeven is mid-7's so I think it is really a very conservative play. Gives me time for the construction cycle to kick in. The MDR jump was close to 20% since Monday. The reaction could have been slowed by the fact that there was absolutely no publicity about the court ruling and was dug out of an obscure legal database by a YAHOO poster. MDR does PR like JL, there isn't any. It was also a confusing court ruling. I don't really understand it but it appears that the rest of MDR is safe. I think it has more to go as investors understand that MDR won in court. We shall see. John

To: SliderOnTheBlack who wrote (65021)	4/19/2000 9:15:00 PM
From: RWS	Read Replies (1) \| Respond to of 95453

I interpreted the Feb bounce as a 3 wave (abc) correction from the low in Dec. of the C wave down from May 99 peak. The price spike saw a divergence with the daily stochastic which made a lower high. This was confirmed by the next day's reversal. Maybe that buying was a combination of speculators, short covering, and early buying by some folks in the know. What I want and got is a successful retest of the low with a bullish divergence in stochastic- that gave me the alert. Then the stochastic crossover on the daily and weekly charts confirmed, as did a trendline crossover on the 21 day CCI and a higher low on the 13 week CCI. The price is now sitting right under the downtrend line which touches the Aug and Feb highs on the daily chart. If it breaks over that, then the downtrend on the weekly chart at about 22 will be the next likely resistance. If it doesn't break over then it could possibly revisit lows or stall a while, in which case I would look at reallocation of resources (g). I would protect against catastrophic risk with a stop a couple ticks under the low. As for opportunity risk, I can't argue your point there. I really don't know, except that this is the only chart of the ones I follow in this sector that is telling me to buy. I'm patiently waiting for the others, following a discipline of limited portions of the portfolio for each stock, no matter how bullish. Regards, RWS

To: SliderOnTheBlack who wrote (65021)	4/20/2000 10:02:00 AM
From: CpsOmis	Respond to of 95453

Hi slider... Now don't go "dissin'" my MDR!!!! <<remember the spike thru $13 here recently - only to revisit sub $7 ? >> Ooh do I.....got some 12 buck shares. But have traded my way out of the hole. Still see this one as a short term trader and a long term no brainer. Hard to get hurt or make a killing, but a nice source of position oriented trade income...gonna be in the 7-12 range for the next 6 months IMHO. Still, a nice slow wave of a trading pattern. Toooooooo easy..... Cosmo