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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Don Earl who wrote (15504)	9/25/2002 3:13:40 PM
From: Don Earl	Respond to of 78701

Got chicken on my put options this morning and switched from bear to bull with new trading positions in INLD and RETK. I don't know if we've hit bottom or not, but it looks like the market needs a rest from recent selling pressure. It's always a tough call when the market is trading around support levels whether it will crack or form a double bottom. I don't have a fuzzy clue if I'm doing this right or not, but I don't trust the market when it swings too hard in either direction. This feels about the same as where the September reversal kicked in last year. We'll see. According to management projections, INLD will report their first free cash flow positive quarter under the new business model this Q. Lots of cash and no debt. $2 RETK is profitable with lots of cash and no debt. A big chunk of the $4.26 book value is goodwill, but $1.83 is cash. Their history of turning intangibles to cash strikes me as good. biz.yahoo.com In this market I'm not sure if I know what an absurd value play is anymore, but if a debt free, profitable, cash flow positive company trading in the low 3s isn't one, I doubt I'm going to figure it out anytime soon.