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

To: Bob Rudd who wrote (17307)	6/24/2003 9:02:14 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78626

FWIW the one (asbestos exposure stock) I'm in (UIC) got some legs today, but not like the legs it got on the way down - an absolute shellacking. Still like the stock a lot, for multiple reasons.

To: Bob Rudd who wrote (17307)	6/25/2003 8:58:40 AM
From: TimbaBear	Respond to of 78626

Thanks Bob! I've been antsy for the last week or so about the price of ACKHQ and had wanted to get out on Monday at $1.12 but the order never executed because the stock retreated to $.95 and that was too low for me to consider. Then, yesterday when I saw the pop I pounced. Since the pop was on tremendous volume, I would not be surprised to see this move upward continue for the stock, but I have learned that when I get nervous about an issue, I get out. I also got out because I could no longer compute what "fair value" was for me (hence the root of the nervousness). Whatever number I had derived back in December was probably impacted by revisions to the reorg plan and I didn't have time (nor, frankly, the inclination) to recompute based on the new plan. I'm happy with the returns and will look around for other opportunities. Thanks again! Timba