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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2593)	4/4/1998 10:55:00 PM
From: kenneth shopsin	Read Replies (2) \| Respond to of 37387

I seem to have gotten out of my BB period relatively unscathed. It wasn't until recently that I fully fathomed their humble position in the market. Now I avoid them. Just sold half of my RNTK,half of my STER and would sell half of my NEOG if it ever gets back to $ 12.44. I'm kind of an aging hippie who has spent his life denying greed only to find it alive and powerful. My excursions into the market are an attempt to make touch with this force and try to control it and make a few bucks too. Lately I'm of the opinion that the market is one big Ponzi scheme that will only fold when it runs out of new money. I think that this is unlikely to occur anytime soon. As a result my attention is turning to more main line companies that I think will rise in value due more to stock popularity than value. My current watch list has RL@27;PIN@25;BID@20;MTN@24:LTR@100;PZN@40. My ability and patience are quirky so I dont know how long this will seem true to me. I own and operate a 30 seat mom & pop restaurant in Greenwich Village for about 28 years. 5 kids ;14-21. 1 wife,many customer/friends. 56 years old; ride 1997 BMW R850 motorcycle and 1993 Dodge Caravan. Ken

To: Bosco who wrote (2593)	4/4/1998 11:11:00 PM
From: Crossy	Respond to of 37387

Bosco, look for another enrty point in MPDI near its former high (breakout) at $7.125. Before MPDI can crack the $9 ceiling it should fall back to this mark. Friday's action was a prelude to this. I'm ready to jump my gun on this again <G> regards CROSSY

To: Bosco who wrote (2593)	4/4/1998 11:24:00 PM
From: Crossy	Read Replies (2) \| Respond to of 37387

Bosco, ok, got my exam ready - hope to have it passed, subject: economics. Will receive my ranking next Friday. Here a nice take on current state of the AFC: biz.yahoo.com Now the thing get's even more weird. Those who created the mess are blaming the markets. Easy culprit because the market can't shout back. It's about time those so-called "statesmen" come to terms with reality. P.M. Mahathir blaming currency markets for the AFC could be compared to an S&L chairman blaming depositor's, stockholders or somebody else for the US S&L crisis of the 80ies. Those governments better blamed themselves. Actually many believed that those unsustainable dollar/DM-pegs of local currencies created most part of the problem. Flexible currency does wonders in such situations... On another front, You seemed to imply that Japan better stimulated economic demand in order to prevent even greater doom in Asia. Sorry to hint this, but that's what they are doing all the time and it's a mess. It doesn't get better. Japan just got an inefficient tax system. They should make PERMANENT income tax reductions instead of public-work projects IMHO. The Japan problem is equivalent to the US problem of the Great Depression. In Japan the central bank is to blame. They withheld liquidity in the early 90ies. This caused the current slump and the economy never recovered. It's always the same script: institutions (gov't & central banks) make a gross mistake in using their authorized power(s) and all the private entities (firms & households) have to bail them out of their mistakes at huge costs. Mr. Friedman would say it's time to strip government off its discretionary interferience powers and replace that with fixed rules. Would be a much more stable framework in any sense... still best wishes CROSSY