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To: Trader X who wrote (14227)	6/2/1998 12:12:00 AM
From: Dale Knipschield	Respond to of 17305

TX, I have no idea what the summer will bring......just cannot sit by idly when these stocks have fallen to fire-sale prices. Except for my utility stocks, I started taking a largely cash position in February after getting burned badly on RDRT. Am now slowly loosening up some of that cash to buy some bargains. I hope others are doing the same. The rewards may be a year or two away, but if you believe the world will still be around then, the next several months will probably continue to provide some amazingly good buying opportunities. Good luck to all!! Regards, Knip

To: Trader X who wrote (14227)	6/2/1998 11:15:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 17305

Re: Trading strategy: short the masses We saw how the masses jumped all over ENMD and got raked over the coals. How about all those that jumped on Warren Buffet's silver bandwagon? Not feeling so good right now I suspect. Today's NY Times talked about how silver was trading at 6.615 an ounce on 2/3/98 when Buffet announced he had been accumulating it. The price then shot up to as high as $7.40 on 2/5/98 after the masses jumped in. But what the public failed to realize was that Buffet had been buying silver since 7/25/97 when it was $4.32, which means it had already risen 53% by February. Guess what. Silver is now close to $5.00 an ounce. Even Buffet is estimated to be down 2.1% ($14.1M) on his purchase. Moral: if you want to do as the experts do, just make sure you do it when they do it! - Jeff