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To: Arizona Pete who wrote (7759)1/12/1998 8:44:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
Pistol Pete-
I know you've been a bear.What's your view now?Seems like the bears are even surprised at the massacre.GD



To: Arizona Pete who wrote (7759)1/12/1998 8:45:00 PM
From: Evan Dimmer  Read Replies (1) | Respond to of 95453
 
Couldn't employees/"insiders" have a lower cost?



To: Arizona Pete who wrote (7759)1/12/1998 8:59:00 PM
From: Thean  Read Replies (1) | Respond to of 95453
 
Arizona, I meant to say exactly like what you were thinking, everyone's cost basis for BDI is higher, in fact much higher than its price today. So sellers do not include long term holders but only those who gave up and sold into panic. Thanks for the clarification.

Another IPO this year, SDC, dropped very little compared to its peers such as RIG, DO and FLC. Again, same story here, people are having higher cost basis than its price today.


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