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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (75)3/12/1998 8:16:00 PM
From: dealmakr   Respond to of 650
 
Looks definitly like the tulips are in full bloom here. Wheres the top? I don't know, but am feeling the pain too. What is going to happen here if the general market turns down? Another rise or is it going to get to reality. IMO reality isn't reflected in the price of the stock. I am going to tuff this one out for a while. Also shorted Scamagen today, news after the bell of another class action lawsuit. That will probably be good enough for another couple of points on the upside. As in all trading you have to believe in yourself and your FA of any situation. A little TA goes along way too. Game playing can make a chart look good, but reality has to set in sooner or later. My thoughts only, trade what is right for you.

Good Trading

Dave



To: Jeff Jordan who wrote (75)3/12/1998 10:02:00 PM
From: Pancho Villa  Respond to of 650
 
Jeff and all: I think you are making a mistake when you assume our discussion of BFIT is an invitation to short. I think each one has to decide for him/herself. Do you suggest be stop discussing the company? Please understand wa can not add a disclaimer to each post saying that the post should not be taken as an invitation to buy/short.

YES BFIT IS A DANGEROUS STOCK TO SHORT, AS ARE ALL STOCKS! THE UPSIDE POTENTIAL HAS NO LIMIT! YES IT CAN GO TO 30, 35, 40, 45, 50, 55....1000 IF YOU ARE NOT READY FOR IT, DON'T SHORT IT, OR SHORT SMALL AMOUNTS OF THE STOCK.

All I can tell you is that if you went short the stock 1/29, you are doing much better than me. Why did you short on 1/29? we have been talking about BFIT since last November. I guess you had enough time to make up your own mind. I started shorting this puppy at 17+, and belive me, I am underwater by an amount that is an order of magnitude larger than yours and then some. Are you playing options? if that is the case, I must tell you:

.YOU WILL NOT FIND A SINGLE POST AT SI IN WHICH I ENDORSE OPTIONS AS SPECULATIVE INSTRUMENTS (I.E. NAKED). IN FACT YOU WILL FIND A BUNCH IN WHICH I EXPLICITLY MAKE NEGATIVE COMMENTS ABOUT THEM.

What do you suggest? should we stop discussing the stock? Our discussion here is the only way to expose in detail the accounting financial health and business prospects of this company.

I guess the name for the thread resumes it pretty well. Yes I am thinking about it... will it ever break down?

Pancho



To: Jeff Jordan who wrote (75)10/7/1998 6:53:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 650
 
News since August: Bally Total Fitness Announces Authorization Of

Stock Repurchase Plan

PR Newswire - August 06, 1998 08:15

CHICAGO, Aug. 6 /PRNewswire/ -- Bally Total Fitness Holding Corporation (NYSE:
BFT), the nation's largest commercial fitness center operator, today announced that it is
authorized to repurchase up to 1,500,000 shares of its Common Stock on the open market
from time to time.

President and CEO, Lee Hillman, commented, "This action underscores our Board's
optimism about the Company's continued improving performance and commitment to the
Company's future prospects. We believe the purchase of our Common Stock represents an
attractive opportunity to benefit the long-term interests of the Company and its
shareholders."

Bally Total Fitness is the largest, and only nationwide, operator of fitness centers, with
approximately four million members and 325 facilities in 27 states and Canada.


Jeff were you able to stick this one out?
Cascaded on the downside?
What's your opinion of its market prospects going forward. Can
they drag this cat back out of the bag?

Greg