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To: Richard D who wrote (26427)	7/24/1998 4:08:00 PM
From: Jamey	Read Replies (2) \| Respond to of 95453

I couldn't help myself. I guess I'm a pxxs-poor investor. I bought 300 MDCO. Just couldn't pass it up even if the sector stinks. They are moving to the NYSE and doing a share buy back. You can't say they are not trying with a p/e of 10 and $1.24 earnings. What the heck! Santiago

To: Richard D who wrote (26427)	7/24/1998 4:20:00 PM
From: Richard D	Read Replies (1) \| Respond to of 95453

There is a trick that oligopolies use in defending prices. Japan and the U.S. use it in currency markets. They don't waste effort, PR, and reserves on the way down, but when nearly everyone is short (hyperbole), then they announce the news (that they control) that will reverse the market. It is extremely effective at the nadir, and short covering ensues, like a tsunami. I wouldn't put it past Saudia Arabia/OPEC (or the new alliance apart from OPEC) to pull a rabbit out of the hat that will scare the bejeebez out of the shorts. They would love to punish them. Pure speculation, but I would look for news to counteract this bloodbath. Richard

To: Richard D who wrote (26427)	7/24/1998 5:17:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

40 has no relevance to me. It is just a random number. Yes, those who exited 50 points ago are geniuses. My point is that from where we stand today, those who exited 20 points ago also made the right call. And there were plenty of people here who 20 points ago were telling the sellers that they were getting out at the bottom. As for salivating over prices, who would that be? Hopefully a few fund managers with 10's of billions of dollars burning a hole in their pockets, and not just a handful of bulls left on SI.