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To: AllansAlias who wrote (21967)	9/26/2000 10:45:46 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

i see...i always stayed away from retailers...their razor thin margins make me nervous. only JCP may soon be worth a look from a value perspective. by now liquidation of their assets should bring in considerably more than the stock price. haven't researched this proposition in detail yet however.

To: AllansAlias who wrote (21967)	9/26/2000 11:06:51 PM
From: Ilaine	Respond to of 436258

Don't know what it's like where you are, but Home Depot has run almost everything else that sells hardware into bankruptcy around here, except Sears, WalMart, K-Mart and auto stores. Lowe's is a similar outfit, but cheaper. True Value hardware stores are just hanging on by their fingernails. When I shop at Home Depot early in the morning, a lot of contractors are in there stocking up for the work day, and they run in there during the day to pick up things they need. So I disagree that it's entirely discretionary income being spent there, although there's a lot of that, too, especially in the upscale Expo stores they've got going now. Sat next to a real estate agent on the plane last night, she says the housing boom is still going strong in the Fairfax, VA metro area, not so much in Arlington or Alexandria or Loudoun.

To: AllansAlias who wrote (21967)	9/27/2000 12:36:00 AM
From: Perspective	Read Replies (1) \| Respond to of 436258

BTW - got $140 for SONS <g> Now just waiting to see if Naz is going to give up this multi-year TL or not. I'm guessing the confluence of factors favors a failure this time, but it's far from a lock. I'm hoping PPT is rather impotent now. In retrospect, their huge influence in the April-May declines was, I suspect, largely due to the huge fund inflows that continued during the early declines. PPT would intervene, and funds would pile on. All the data I've been seeing on fund flows indicate that they have virtually evaporated, which makes it extraordinarily difficult for the PPT to manipulate things the way it did previously. Plus, Sept-Oct is a lousy period for funds to begin with thanks to the tax laws - nobody wants to get hit right away with a cap gains distribution. BC