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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Bowman who wrote (4307)	3/11/1998 11:02:00 PM
From: steve in socal	Read Replies (2) \| Respond to of 18928

hey bruce---great line re "both cheeks." I fell in love with HCIA a couple of years ago after a dissapointing earnings report brutalized the stock one day and it dropped like 197 points. after further review, i didn't see anything long term fundamentally wrong so in i dove and away it went. traded very nicely and profitably in late '96 and early '97 and then bought and bought and bought some more as it dropped like my socks in a rainstorm. it's been in a real narrow range for months and finally moved back up over $15 this week for the first time in a long time. my AIM sell isn't until it goes over $21.50 so i'm probably suffering from premature expectations. but just to have it moving again gets my blood pumping. MAS is MASCO INC., a $4+ billion dollar holding company that owns some 40-50 consumer products companies world wide. just bought one in belgium, today. they bought us out 4 years ago and we took a lot of stock that was then trading in the $45 dollar range. six months later it was trading under $30. we wondered what we had done wrong. actually, they had ventured into the fine furniture market hoping to duplicate the kind of margins delta faucets, wieser locks and baldwin hardware bring them. wrong. single digit returns on about half the companies volume drove the stock way down. they spun the division off and reset their sights to managing what they do best, better. and, it's evidently worked. dividend is going up, and stock hit $59 today. getting nervous and will probably (i'd better) put some stops in lickity split. i've got some more coming next month and i'm just hoping this run up will continue long enough for me to reap that harvest. god, i've gotten more greedy. greedy in goleta