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To: RGinPG who wrote (17978)	4/3/1998 6:59:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 95453

No actually, I just thought it was LOOKIN GOOD! Besides, i thought you bought back in?

To: RGinPG who wrote (17978)	4/3/1998 7:47:00 PM
From: Bazmataz	Read Replies (3) \| Respond to of 95453

I would've included GLM on the laggards side. I've thought about the same thing you're suggesting, but not just with our stocks - across all stocks. Owning CPQ and DELL one could make a similar (although arguably different) argument. Those holding CPQ are always touting that "once the money shifts into this underappreciated stock, it'll really take off!". I find many investors who think this way - the so-called "value" investors. The fact is that a relative underperformer is such perhaps not because it is underappreciated, underrecognized or undervalued. Perhaps it is at whatever the market sees as "fair valuation." Granted, this perception can change by the minute, but for a particular stock to lag on a weekly or monthly basis, despite others in its sector doing quite well, there is clearly a relatively more negative perception about that stock. GLM falls into that category, I believe. NE and RIG (which I also happily own at the moment) are clearly perceived by the market as having a better prognosis going forward. Sorry about the long message, but your statement touched something I've been thinking about awhile. The bottom line is, how do you make money from believing this perception is true? I guess even though NE and RIG have appreciated more than the others, you buy them anyway. At least, that's what I've tried to do. Just wish I wasn't still holding GLM as well. Been thinking about selling it and buying more NE, but haven't pulled the trigger yet. Your thoughts? Baz

To: RGinPG who wrote (17978)	4/4/1998 1:20:00 PM
From: waverider	Respond to of 95453

Ron, this is exactly what I was talking about concerning CDG vs ESV. I have both now, but your point is well taken. This is why I picked NE for my contest selection this week as the best up and TDW as the best down. Why? Because NE was going up strongly before and TDW was going down strongly before. We've discussed this here several times, but the strategy of buying stocks that go up is often a better deal than buying laggards and hoping they will catch up. A very good book on the subject is Zen of the Markets, by Ed Toppel. Rick Hydrocarbon