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To: Robert T. Quasius who wrote (290)	11/27/1997 12:27:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Thanks. My concern at the moment is that the market isn't rewarding undervalued stocks with price appreciation. QNTM is trading at a ridiculous PE while it meets its earnings. MRLL was popped for 2 points for beating its earnings. BNGO - well, if BNGO was attacked on the streets of New York like it has been by the MM's, the perpetrators would get the death penalty. Just my way of advising caution for at least another month. Value investing is still very rewarding in the long term. But I don't know if it's a good way to park your money at the moment. I was looking at my records on closed positions. My only recent gains were short positions. I'll take a look through your list this weekend and see if any winners stand out. Happy Thanksgiving.