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To: Wowzer who wrote (3198)	7/13/1998 4:41:00 PM
From: Frank Drumond	Respond to of 13953

I think its time to ratchet up the stop limit. I think she'll go more this week...players will be jumping in on a gain like today's. But then the stop will at least ensure a heft profit...

To: Wowzer who wrote (3198)	7/13/1998 4:44:00 PM
From: Oeconomicus	Respond to of 13953

Still have stock in my long term portfolio that I won't touch, but it's hard. Rory, don't be tempted at these levels. With the additional capital and the positive strategic steps, I like this long-term. The near-term risk, IMO, is being dragged down by the internuts. Intermediate-term, a recession and 20-30% market downturn would seriously compress Price-to-Book and P/E multiples for all brokerage stocks. But, longer-term, both of those risks are easily overcome if they continue on the current (fundamental) path. OTOH, if it makes it to the upper reaches of brokerage stock valuations (did some analyst really say four times book is avg?) over the near-term, perhaps you should be tempted. BWDIK? Bob