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To: SJS who wrote (25237)7/7/1998 11:12:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
You are a brave man. I still don't see any reason why any of these stocks should have a floor beneath it. A vacuum, perhaps (I hear a constant sucking noise), but not a floor.

Look at FGII -- a few thousand shares takes it down a point plus. There are no buyers here. Maybe GLM is buying back its own shares. If so, they'll go through that cash in a hurry.



To: SJS who wrote (25237)7/7/1998 11:15:00 AM
From: SliderOnTheBlack  Read Replies (3) | Respond to of 95453
 
Bought again today - CDG @ $30 !?!

CDG & EVI are my 2 favorites at todays prices; picked up more CDG a tick over $30... expecting support at $29+ (make that praying for support...).

These price levels are too good not to seize as an oportunity to average down at; unfortunately I wish I was entering at these levels and do not wish to see too many more - ''averaging down'' opportunities... getting that sick feeling on these 2.5 - 3 % down days. I have just a little more powder left... not much. Betting on the bottom no more than 5% +/- from here. If I'm wrong - I will be strongly ''cemented'' in my core - buy and hold philosophy for perhaps a long time. I'm comfortable with a flat trading range of 5-7% from here for a couple of quarters. I'm not expecting a quick fix/recovery from OPEC etc. but rather a natural balancing of demand and supply, winter heating season etc. - looking for the spring of 1999 to be the ''big move''. Time will tell if buying into this weakness was prudent.

I'm turning offf the damn computer for the rest of today.... no more buying targets in realistic site; next moves are ones I hope I'll never have to make --- final buys will be : EVI @ $29, FGII @ $24, CDG @ $25, maybe RIG $38-9 and I'll be done. Gonna have a few cold Heineken's and some gooood ''Chicago'' style pizza and enjoy America's favorite pastime tonight on TV; while America's favorite commodity sinks to oblivion...