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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (827)	7/24/1998 4:38:00 PM
From: Valery Portnov	Read Replies (1) \| Respond to of 2282

I hope he (Soros) is not selling now... Well, I've been there with many (too many) stocks. It does not look like a bottom to me. The best indicator of a bottom is when investors curse the company, its management, its business e.t.c.. Here is the example: I bought TLC at $19.00 hoping to make quick 20%30%. It went down to $12-$13 in no time. Then to $5.00 (!!!) -PE was UNDER 5. I saw their software at CompUSA, people were buying it. The talk on the boards was all very negative. Well, I did not have enough conviction to buy more at 5, 6 or 8. I sold at $15.00. Today TLC is $30 3/8. GLM is a premier company, one of the best in the group. It will be $30 or more probably during the next 12 mo. Do we have time to wait?