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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (5187)	7/27/1998 2:54:00 PM
From: D VanSwol	Read Replies (1) \| Respond to of 18928

I have FSESX in my AIM portfolio, which was giving me a buy signal @ $21 (3 below the 12 mo. low). My last buy was around $26 when it dropped out of the 30's and oil hit 12/bbl. I seem to recall that $12 is about the cost of production and oil shouldn't drop much below that level. Therefore, I think we should be pretty close to mkt bottoms. Any one else have any ideas on cost of production? --Dennis--

To: JZGalt who wrote (5187)	7/28/1998 12:17:00 AM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

I hope you folks have read all of Mr. Lichello's book. He stresses quality stocks and patience. I think he even uses the term 3 to 5 years a few times in his book. Three weeks is not quite long enough. One of the criticisms I read of Mr. Lichello's book is that it is too long. One reader thought that all the tables could have been eliminated and the whole book would take about 70 to 80 pages. Now that is really short term thinking! By my recollection the shortest table in the book is 1 year. Give me a break. What you guys are looking for is tomorrow's newspaper today, and it doesn't exist. Bernie