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To: VLAD who wrote (26451)	7/24/1998 9:32:00 PM
From: JZGalt	Read Replies (1) \| Respond to of 95453

Where are all the value investors when we need them? I'll speak for myself, but I think other "value" investors would agree that we bought sizable portions of these "values" back in the March debacle and and now waiting patiently for the stocks to stop falling. I have enough resources to sit it out and not be forced out at the bottom, but looks like the pain is hitting to close to home for some. If you combine a lack of buyers and a group of people who will take just about any price to get out of a position, then you get the market that we currently have. Eventually the market will bottom and the value investors will start to accumulate. I just don't think we are there yet. The only positive sign I've seen in the whole darn group is that a few companies have stepped up to the plate and started to buy back stock at these levels. FGII announced today. TDW has been buying for a while, but got much more aggressive in the past few weeks. Michael Price is also rumored to be buying selectively in TDW. The values investors are around, but after the 30% to 40% losses over the past 3-4 months, they will take some coaxing to get off the sidelines.

To: VLAD who wrote (26451)	7/24/1998 11:09:00 PM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

.. Where are all the value investors when we need them? How many false bottoms have we had? How many more are coming? These bargains seem more alluring when looked upon from a safe distance. Good luck, Tulvio

To: VLAD who wrote (26451)	7/24/1998 11:14:00 PM
From: Dwight E. Karlsen	Respond to of 95453

Where are all the value investors when we need them? Watching from a safe distance, occasionaly shielding our eyes from the glare of the red daily down % numbers. 5%, 6%, oww, there went an 8%.

To: VLAD who wrote (26451)	7/25/1998 12:06:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

<Where are all the value investors when we need them? > Nothing more needs to said. If you are playing ''Da Bears'' and Ditka was coaching; it's the 4th quarter, you're up by 6, it's 4th and one, the ball is on the Chicago 40 yardline. They line up in a full house backfield with 2 tight ends.... Walter Payton is getting the damn ball, everyone in the entire stadium knows it ! what ya gonna do ? --- you play the damn obvious, overwhelming percentages that got you where you are today -- you stack the defense up on the line and prepare to ''stuff'' Walter Payton who you just KNOW is getting the ball and comming up the middle... BUT, no.....they drop back and throw a bomb ! hey, they scored. Go figure ...Would you do anything different the next time ? - Hell NO ! ...sometimes logic just doesn't prevail !

To: VLAD who wrote (26451)	7/25/1998 6:06:00 PM
From: Alaskaman	Respond to of 95453

The industry cycle is approximately 144 months taking into consideration outliers on the short side. Looks like between September or October for a heavy upward movement. Still have potential for more downside as bad earnings finish out. Been averaging down. I project no more than a 10 percent drop from current prices then stabilization for a while. By the sound of this thread we have a number of short sellers and heavy puts laid out! Nice to make money going up and going down. If your really concerned over a downslide keep your current position, place a balancing amount of contracts to hedge your downside position. But it is a demand/supply side issue clearly and I love it when the lines are clear! You should check the figures on who is hedging the futures it might surprise you who some major players are, such as the big three boys, who want to hedge OPEC's shortsightedness