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Non-Tech : West Marine WMAR -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (391)	11/23/2000 11:01:19 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 400

Gottfried, No, I haven't abandoned ship yet, but perhaps the lifeboats should be ordered into the water. My WMAR position changes from time to time as I sometimes do a little swing trading. I bought this week at 6-1/2 and again at 6-1/4. I'll continue to buy with any additional 1/4 point move(s) lower. IMO, it's a relatively safe value play at this level. The last quarterly report was respectable and they did manage to show some growth during the difficult October month. I suspect the recent dip is simply a liquidity issue with someone adjusting their position, and/or maybe the market makers needed some cheap shares to inventory and are taking advantage of the situation. In any case, the play is certainly less scary than buying the techs these days. The last three months have been brutal. In any case, Happy Thanksgiving and as always, Regards - Dale