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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (16879)	8/11/2002 12:44:45 PM
From: benchpress550	Respond to of 18998

Strike 1 Beacause of the drought conditions in the mid west, they are going to big time bagholders in their two business units. Below data is an example what drought does to the demand of price of horses from Corsica horse sales in south Dakota. corsicahorsesale.com The reason why i used this data is usually the horse market does not move that much compared to cattle markets or crop markets. Also, the data was easy for me to find and I can get my point arcoss very quick. June 16/17, 2002 Top Sale Horse....$6500 Top 5 Average... .$4110 Top 10 Average....$3375 Top 25 Average......$2448 Top ¼ of Sale Avg... .$2326 March 17/18, 2002 Top Sale Horse - $10,000 Top 5 Average - 7,870 Top 10 Average - 5,955 Top 25 Average - 4,071 Top 50 Average - 3,000 Top ¼ of sale - $3,200 They did not have july sales figures posted in this format because they sucked. But here is a couple of lines that came from their sales report. "Drought conditions in a big area of the U.S. playing a part on people buying up the younger, plainer horses for future prospects. If you are in area with greener pastures & hay on hand, now might be the time to think about picking up some bargains for down the road profit." Strike 2 Looks like IGL and CNC business plans are kissing cousins. Strike 3 Look at what the whore houses are saying 29-Jul-02 Goldman Sachs upgrade: from Mkt Outperform to Recomm List Salomon Smth Brny upgrade: from Neutral to Outperform