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To: Bolder who wrote (26498)	7/25/1998 9:03:00 AM
From: P.Prazeres	Respond to of 95453

Bolder, you start out by stating that the bottom is near and by the end of your argument, you state that you think a worldwide recession will bring these stocks even lower. You didn't strengthen your argument, you ended up weakening it. Which is it?

To: Bolder who wrote (26498)	7/25/1998 11:01:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Bolder; Insider Selling & buybacks better check FGII ! I do not think too many people in the WORLD - sold more stock than FGII's guy -- try $50 MILLION DOLLARS ! cashed out recently through this spring-summer. NOT that the guy did anything wrong or even that he was imprudent for doing so; quite the contrary - we should use these insider sales as early warning signals ! It is not all ways a vote of confidence or lack there of in the company in question, all though many times it is... I believe FGII is one of the strongest, with a bright future; I just think their CEO saw where the Industry was going and sold accordingly - we should have as well !

To: Bolder who wrote (26498)	7/25/1998 3:35:00 PM
From: Les H	Respond to of 95453

I'll suspend judgment till Friday's GDP flash report. But there is a lot of concern that the recession has already started. You will see the Retailers starting to get hit since employment lags the economy by 6 to 12 months. VLAD: If you read the NS Steel Group's news releases, you will find that the rigs in the US dropped from 960 to 850 during May/June. If you read the Diamond Offshort's earnings news release, you will find that they state the number of rigs operating in GOM is 130 with demand for only 110.