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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (6795)	10/25/2000 5:40:39 PM
From: Rashomon	Read Replies (2) \| Respond to of 30051

Yes, way too many good buys. I loaded up on LTXX in the mid-teens, which seemed a phenomenal value at the time -- just like the SNDK I picked up at 52 3/8 today. Fortunately I also bought some LTXX at 12 and sold it at 16 to bring my cost basis down. I'm short on cash but unmargined -- like Zeev I do all my trading in a retirement account. And, fwiw, I strongly suspect Lev Dawson has a rabbit-in-hat to surprise shareholders with before the VLNC quarterly conference call, but in this market, I wonder how much even a large order announcement will move VLNC? BTW, the only stock tip I'm ever likely to give: If you're looking for a conservative long-term hold, look at Carl Berg's REIT, MSW. It'll likely return 50+ percent in the next year, barring a) a major tech recession of sufficient size and duration to topple the current silicon valley real estate market; b) a big earthquake in the valley; c) Carl's untimely demise. Berg controls 80 percent of the REIT, is feeding it pre-rented new buildings (under a long-term agreement with his development company Berg & Berg) at about 1/2 to 1/3 of market value to avoid taxes, taking convertible operating partnership shares instead of cash. ML believes MSW will show the strongest growth of any REIT they cover, and has a 12-month price target of 18 on it, but I have good reason to believe that's conservative.