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To: margaret tasset who wrote (13401)11/19/1997 8:33:00 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 27012
 
Good Evening Margaret,

I am very sorry about the slide today in BMC Industries as it looks like the 43% drop was way over done. Although I do not follow that company, I do know for the longest time it has been trading rather steady in the 30+. Hopefully investors will appreciate the buying opportunity and take a piece of this company for the long term

Yes that post you mentioned was a bit unsual and interesting but cast a rather shallow shot.

Hope you are otherwise having a nice evening.

Best Wishes
Frank



To: margaret tasset who wrote (13401)11/20/1997 12:09:00 AM
From: TechnoWiz  Read Replies (1) | Respond to of 27012
 
Hi Margaret: Commiserations re BMC. Ouch! Don't despair it happens to the best of them...even to some well known Billionaires... A few years ago one household name lost more than six hundred million in one day on a Bio stock that fell more than $50 overnight when the stock dropped from something like $73 to $20. Wish I could have forewarned you on this one...always easy with hindsight, but technicals were not good in fact I had a 6/7 negative on that stock as of yesterday and tipoff may have been inability to rally with any gusto following October break.

Looks like those s/a's who made those comments may have miscalculated.

I hope some of your other holdings will even things up. Maybe a nice takeover or some other surprise like that. Just some thoughts to help ease the pain. Stockmarket can be both a dangerous but rewarding place

kind rgds

Wiz