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To: James Strauss who wrote (1604)	5/20/1998 2:05:00 AM
From: IsaacF1	Respond to of 13094

James: RE: Buying dips. Those were some of the most intelligent thoughts on a long term trading stragedy that I've ever heard. I share many of the feelings with you, I too added to my RECY position during these past few days. In fact tomorrow looks like a good day for shopping. The fed is going to wait 6 more weeks to raise rates, it looks like there is still alot of run left in the market, I really think it wants to burst 10000, personally if if/when it touches the 9700ish mark I'll begin to liquidate. My thoughts about RECY are that it will outperform in these next few weeks, management keeps the news train rolling here and 20 deals are sprawled on a table all the time. The conference call was great IMO, they claim to still be on target for a billion. Wether or not they do it on time is not of concern to me, it is important that they get there, and IMO they will get there, I'm confident of that. In broader terms I share your confidence in TRBDF, they have an ecological product in a growingly ecologically minded world, they are selling internationally. IMO HANS has this same tendency, a natural cola has space in which to gain market share. I bought into a small initial position w/ TRBDF because IMO it is worth the possibility it will zoom. I always leave myself in a position to be able to average down double my initial buy so that a dip can be taken advantage of. It is riskier and I only do it when I'm really confident, this is by no means system. GTIS has the same tendencied and I have averaged up on it with the Bear and Stearns recomendation. Anyhow James, the fed: Dell's Strong Earnings By Andrew Serwer It was Fed day on the Street Tuesday as traders mostly sat on their mitts, waiting for the word that they all knew would come. Namely, the Fed would NOT do diddle. The Dow climbed 50 points early, then sold off later and eventually ended up four points, to 9054. Meanwhile, the tech-ladled NASDAQ index climbed 14 points, to 1845. Here's what we've been following today: THE FED.... Lock the door and hide the key! Here come the Fed and he sure looks mean! All right, I'll shut up--it's just that it was a big NOTHING! Greenspan rested his case and DID NOT raise interest rates today. He did nothing! Hey, what do we pay you for dude?!?! The long bond rallied slightly, the yield fell a bit to 5.93%. Now the waiting begins again, as the Fed meets in six weeks. ARGH! My bet is that next time they DO pull the trigger. I'm starting to see inflation now, just personally, anecdotally. So what do you think the Fed bases its decision on? All those numbers?! No way! They go with the gut. Like ME!! DELL.... So Bill Gates' favorite computer company blasted the hell out of the world. Again. DELL did 44 cents in the fiscal first quarter as opposed to 27 cents in the previous year's quarter. (That's growth of 63% my friends!!!!) Wall Street was looking for 42 cents, so they beat that too (by 5%!), IsaacF1